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FDIC Makes Public February Enforcement Actions; No Administrative Hearings are Scheduled


FOR IMMEDIATE RELEASE
April 8, 2008
Media Contact:
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 February. No administrative hearings are scheduled.

The FDIC processed a total of 23 orders in February. These included eight cease-and-desist orders; eight removal and prohibition orders; four civil money penalties; two terminations of cease-and-desist order; and one termination of a supervisory prompt corrective action directive.

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.

* * * * * * * * * * *

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. 1818(b)
(Cease-and-Desist)

First Standard Bank, Los Angeles, CA; FDIC-07-273b; Issued 2/7/08 - PDF (PDF Help)

Integrity Bank, Alpharetta, GA; FDIC-07-259b; Issued 2/20/08 - PDF (PDF Help)

State Bank and Trust Company, Harrodsburg, KY; FDIC-07-231b; Issued 2/5/08 - PDF (PDF Help)

1st American State Bank of Minnesota, Hancock, MN; FDIC-07-283b; Issued 2/25/08 - PDF (PDF Help)

ISN Bank, Cherry Hill, NJ; FDIC-07-215b; Issued 12/31/07 - PDF (PDF Help)

Quality Bank, Fingal, ND; FDIC-07-279b; Issued 2/7/08 - PDF (PDF Help)

United Bank of Philadelphia, Philadelphia, PA; FDIC-07-272b; Issued 2/1/08 - PDF (PDF Help)

Doral Bank, Catano, PR; FDIC-07-281b; Issued 2/19/08 - PDF (PDF Help)

Wallis State Bank, Wallis, TX; FDIC-07-201b; Issued 2/26/08 - PDF (PDF Help)

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. 1818(e)
(Removal and Prohibition Order)

Valley State Bank, Russellville, AL; FDIC-07-212e; against Bobby G. Sorrells; Issued 2/8/08 - PDF (PDF Help)

Savings Bank of Mendocino County, Ukiah, CA; FDIC-07-044e; against James L. Harrison; Issued 2/8/08 - PDF (PDF Help)

Signature Bank KC, Haddam, KS; FDIC-07-037e; against Karen K. Lawrence; Issued 2/8/08 - PDF (PDF Help)

Fidelity Bank, Edina, MN; FDIC-07-168e; against Stacy L. Anderson; Issued 2/8/08 - PDF (PDF Help)

The Bank of Elk River, Elk River, MN; FDIC-07-165e; against Roxann M. Bullock; Issued 2/8/08 - PDF (PDF Help)

Bank of Belton, Belton, MO; FDIC-07-104e; against Jenny R. Gentile; Issued 2/8/08 - PDF (PDF Help)

Greene County Bank, Greenville, TN; FDIC-06-181e; against Sheryl A. Sewell; Issued 2/8/08 - PDF (PDF Help)

The Merchants Bank, Burlington, VT; FDIC-07-227e; against Douglas E. Fletcher; Issued 2/8/08 - PDF (PDF Help)

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. 1818(i)
(Civil Money Penalties)

Valley State Bank, Russellville, AL; FDIC-07-213k; against Bobby G. Sorrells in the amount of $30,000; Issued 2/8/08 - PDF (PDF Help)

Savings Bank of Mendocino County, Ukiah, CA; FDIC-07-045k; against James L. Harrison in the amount of $30,000; Issued 2/8/08 - PDF (PDF Help)

First American Bank & Trust Company, Athens, GA; FDIC-07-258k; in the amount of $4,000; Issued 2/20/08 - PDF (PDF Help)

Signature Bank KC, Haddam, KS; FDIC-07-100k; against Karen K. Lawrence in the amount of $7,000; Issued 2/8/08 - PDF (PDF Help)

TERMINATIONS

Order Terminating an Order to Cease and Desist

Green Belt Bank & Trust, Iowa Falls, IA; FDIC-07-158b; Issued 2/6/08 - PDF (PDF Help)

Bank of Camden, Camden, TN; FDIC-07-004b; Issued 2/8/08 - PDF (PDF Help)

Order Terminating Supervisory Prompt Corrective Action Directive

Virgin Islands Community Bank, Christiansted, VI; FDIC-07-241pcas; Issued 2/25/08 - 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-28-2008




Last Updated 4/08/2008 communications@fdic.gov