The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in April. One administrative hearing is scheduled.
The FDIC processed a total of 57 orders in April. These included 24 cease and desist orders; five removal and prohibitions; 17 civil money penalties; seven orders terminating orders to cease and desist; and 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)
First United Bank, Farmerville, LA (merged with and now known as Community Trust Bank Choudrant, LA); FDIC-07-054k; against Zeke Eldo Tettleton in the amount of $5,000; Issued 4/14/09 - PDF(PDF Help)
First United Bank, Farmerville, LA (merged with and now known as Community Trust Bank Choudrant, Louisiana); FDIC-07-355k; against William H. Maxwell in the amount of $5,000; Issued 4/14/09 - PDF(PDF Help)
First Mariner Bank; Baltimore, MD; FDIC-07-285b; FDIC-08-358k; Order to Cease and Desist, Order for Restitution, and Order to Pay in the amount of $50,000; Issued 4/22/09 - PDF(PDF Help)
Cape Fear Bank, Wilmington, NC; now known as First Federal Savings and Loan of Charleston, Charleston, SC; FDIC-09-005b; Issued 4/23/09 - PDF(PDF Help)
interState Net Bank (currently ISN Bank), Cherry Hill, NJ; FDIC-06-201e; FDIC-06-202k; Decision and Order to Prohibit From Further Participation and Assessment of Civil Money Penalties against Hal J. Shaffer in the amount of $50,000; Issued 4/23/09 - PDF(PDF Help)
ADMINISTRATIVE HEARINGS SCHEDULED FOR JUNE 2009
Frontier State Bank, Oklahoma City, Oklahoma: FDIC-07-288b; Section 8(b) Proceeding
June 1, 2009
Hon. C. Richard Miserendino
Administrative Law Judge
United States Courthouse
U.S. District Court (Western District of Oklahoma), Courtroom 3403
200 N.W. 4th Street
Oklahoma City, Oklahoma 73102
Martin Silver, Senior Attorney
Dallas Regional Office
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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 8,305 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-79-2009