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FDIC Makes Public July Enforcement Actions; No Administrative Hearings Scheduled
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. No administrative hearings are scheduled for September.
The FDIC processed a total of 23 orders in July. These included two cease-and-desist orders, 11 removal-and-prohibition orders, four civil money penalty orders, two terminations of insurance, three terminations of cease-and-desist orders, and one order dismissing certain charges.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or 877-275-3342). To view the orders online, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/neworders.html. A list of orders made public today follows.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
Connecticut Bank of Commerce, Stamford, CT; FDIC-02-161c&b; Order for Restitution against J. Donald Weand, Jr.; Issued 7/8/05
Heron Lake State Bank, Heron Lake, MN; FDIC-05-084b; Issued 7/7/05
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
Union State Bank, Pell City, AL; FDIC-05-083e; against Rebecca Lynn Proctor; Issued 7/22/05
Connecticut Bank of Commerce, Stamford, CT; FDIC-02-158e; against J. Donald Weand, Jr.; Issued 7/8/05
Community State Bank of Rock Falls, Rock Falls, IL; FDIC-04-250e; against Heather Tornow; Issued 7/22/05
Busey Bank, Urbana, IL; FDIC-04-154e; against Margie Sue McArty; Issued 7/22/05
Peoples Bank SB, Munster, IN; FDIC-04-155e; against Karen M. Ludwig; Issued 7/22/05
The Prairie State Bank, Augusta, KS; FDIC-05-023e; against Richard D. Meyer; Issued 7/8/05
Farmers Bank & Trust Company of Marion, Marion, KY; FDIC-05-080e; against Julian S. Woford; Issued 7/22/05
Citizens Bank, Mount Vernon, KY; FDIC-05-057e; against Edward Keith Smith; Issued 7/8/05
Resource Bank, Mandeville, LA; FDIC-02-122e; against Bruce F. Cucchiara; Issued 7/8/05
Citizens Bank & Trust Company, Plaquemine, LA; FDIC-04-286e; against Rebekah M. Bizette; Issued 7/8/05
Cashmere Valley Bank, Cashmere, WA; FDIC-05-040e; against Janae M. O'Brien; Issued 7/27/05
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
First Community Bank of Batesville, Batesville, AR; FDIC-04-175k; Order to Pay Civil Money Penalty in the amount of $16,000; Issued 7/5/05
The Prairie State Bank, Augusta, KS; FDIC-05-024k; Order to Pay Civil Money Penalty against Richard D. Meyer in the amount of $10,000; Issued 7/8/05
Resource Bank, Mandeville, LA; FDIC-02-121k; Order to Pay a Civil Money Penalty against Bruce F. Cucchiara in the amount of $15,000; Issued 7/8/05
The State Bank of Faribault, Faribault, MN; FDIC-05-030k; Order to Pay Civil Money Penalty in the amount of $3,250; Issued 7/5/05
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
Ocwen Federal Bank FSB, Fort Lee, NJ; FDIC-05-048q; Issued 7/15/05
American Investment Bank, N. A.; Salt Lake City, UT; FDIC-05-118q; Issued 7/29/05
ORDERS TERMINATING ORDERS TO CEASE AND DESIST
Brickyard Bank, Lincolnwood, IL; FDIC-02-103b; Order Terminating Order to Cease and Desist; Issued 7/1/05
The Nekoma State Bank, La Crosse, KS; FDIC-03-108b; Order Terminating Order to Cease and Desist; Issued 7/8/05
Heritage Community Bank (now known as) Community Trust Bank, Inc., Pikeville, KY; FDIC-05-005b; Order Terminating Order to Cease and Desist; Issued 7/1/05
ORDER DISMISSING CERTAIN CHARGES
Connecticut Bank of Commerce, Stamford, CT; FDIC-02-176k; Order Dismissing Certain Charges against J. Donald Weand, Jr.; Issued 7/8/05
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,868 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200).
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