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FDIC Makes Public February Enforcement Actions
No Administrative Hearing Scheduled
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. No administrative hearing is scheduled for April.
The FDIC processed a total of 14 orders in February. These included seven removal and prohibition orders, five civil money penalty orders, one cease and desist order, and one termination of a cease and desist order.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 877-275-3342 or e-mail at: firstname.lastname@example.org. The orders will also be made available on-line within a week of the issuance of this news release. To view the orders on-line, 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(e), 12 U.S.C. § 1818(e)
Farmers and Merchants Bank, Boswell, IN; FDIC-05-208e; against Jackie E. Dobbins; Issued 2/9/06
Central Bank Trust Company, Lexington, KY; FDIC-05-165e; against Michael R. Bradshaw; Issued 2/9/06
Republic Bank, Inc., Duluth, MN; FDIC-05-202e; against Robert D. Pascavage; Issued 2/9/06
BancorpSouth, Tupelo, MS; FDIC-05-147e; against Christina A. Benny; Issued 2/9/06
Dakota County State Bank, South Sioux City, NE; FDIC-05-176e; against Ida Rivera; Issued 2/9/06
Falcon International Bank, Laredo, TX; FDIC-05-141e; against Linda Michelle Cadena; Issued 2/9/06
Northwest Bank, Roanoke, TX; FDIC-05-162e; against Marilyn Edwards; Issued 2/9/06
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
Central Bank Trust Company, Lexington, KY; FDIC-05-185k; Order to Pay against Michael R. Bradshaw in the amount of $5,000; Issued 2/9/06
Salt Lick Deposit Bank, Salt Lick, KY; FDIC-05-220k; Order to Pay in the amount of $8,100; Issued 2/24/06
Republic Bank, Inc., Duluth, MN; FDIC-05-203k; Order to Pay Civil Money Penalty against Robert D. Pascavage in the amount of $5,000; Issued 2/9/06
Bank of Odessa, Odessa, MO; FDIC-05-192k; Order to Pay Civil Money Penalty in the amount of $4,000; Issued 2/7/06
Union Bank & Trust Company, Lincoln, NE; FDIC-05-233k; Order to Pay Civil Money Penalty in the amount of $9,500; Issued 2/24/06
FINAL ORDER ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
The Cottonport Bank, Cottonport, LA; FDIC-05-207b; Issued 2/26/06
Order Terminating an Order to Cease and Desist
Community Bank of Lawndale, Chicago, IL; FDIC-03-025b; Issued 2/6/06
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nationís banking system. The FDIC insures deposits at the nationís 8,833 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). PR-34-2006
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