The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. No administrative hearings are scheduled.
Beginning with this press-release, the FDIC is including a new section listing Notices issued during July 2009. The FDIC will continue to publish information on Notices issued in future monthly press releases covering enforcement actions and orders.
The FDIC processed a total of 64 matters in July. These included twenty-two cease and desist orders; one temporary cease and desist order; twelve removal and prohibitions; sixteen civil money penalties; two prompt corrective action directives; one Section 19; one modification; and six orders terminating an order to cease and desist; and three Notices.
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 19, 12 U.S.C. § 1829 (Section 19)
Margo Harbridge, FDIC-08-190L; Order Granting Permission to File Section 19 Application and Approving Application for Consent to Participate in the Conduct of the Affairs of any Depository Institution; Issued 7/6/09 - PDF (PDF Help)
The Farmers & Merchants Bank, Dyer, TN; FDIC-94-073e; Order Modifying Order of Prohibition From Further Participation against Albert D. Noe; Issued 7/16/09 - PDF (PDF Help)
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-154-2009