Press Releases FDIC Makes Public October Enforcement Actions; No Administrative Hearings are Scheduled
FOR IMMEDIATE RELEASE
January 3, 2008
David Barr (202) 898-6992
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October. No administrative hearings are scheduled.
The FDIC processed a total of 22 orders in October. These included six cease-and-desist orders; one temporary cease-and-desist order; two removal and prohibition orders; seven civil money penalties; one prompt corrective action directive; one voluntary termination of insurance; one Section 19 application; two terminations of cease-and-desist orders; and one adjudicated decision.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 1-877-275-3342). 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.
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FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b) (Cease-and-Desist)
FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C. § 1829 (Section 19)
Robert Mulokwa; FDIC-04-2251; Order Granting Permission to File Section 19 Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 9/20/07 - PDF (PDF Help)
Lincoln Park Savings Bank, Chicago, IL; FDIC-05-143k & FDIC-05-142e; Prohibit From Further Participation against Alex P. Majka; Issued 10/16/07 - PDF (PDF Help)
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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 8,560 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-1-2008