The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June. No administrative hearings are scheduled.
The FDIC processed a total of 66 orders in June. These included twenty-seven cease and desist orders; seven removal and prohibitions; twenty civil money penalties; one written agreement; two prompt corrective action directives; one voluntary termination of insurance; seven orders terminating an order to cease and desist; 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.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b) (Cease-and-Desist)
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i) (Civil Money Penalties)
AL Amerilife First Financial LLC, A Delaware Limited Liability Company; Clearwater, FL; FDIC-09-257b and FDIC-09-258k; Order to Cease and Desist and Order to Pay in the amount of $100,000.00; Issued 6/18/09 - PDF (PDF Help)
Commonwealth Co-operative Bank, Boston, MA; FDIC-07-252e and FDIC-08-016k; Decision and Order to Prohibit From Further Participation against Brenda J. Vikre; Issued 6/23/09 - 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 8,246 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-132-2009