Press Releases FDIC Makes Public March Enforcement Actions No Administrative Hearing Scheduled
FOR IMMEDIATE RELEASE
May 15, 2007
Frank Gresock (202) 898-6634
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. No administrative hearing is scheduled for May.
The FDIC processed a total of 21 orders in March. These included five removal and prohibition orders, 10 civil money penalty orders, and six cease and desist orders.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 N. Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 877-275-3342). To view all orders online, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. 1818(e) (Removal and Prohibition Orders)
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 8,681 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.