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 86 matters in October. These included 40 cease and desist orders; seven removal and prohibition orders; 24 civil money penalties; three prompt corrective action directives; one voluntary termination of insurance; two section 19 orders; one modification; one order terminating notice of charges and hearing; one order terminating temporary order to cease and desist; five orders terminating order to cease and desist; one notice of intention to prohibit from further participation, notice of assessment of civil money penalty, findings of fact and conclusions of law, order to pay, and notice of hearing issued under sections 8(e) and 8(i) of the FDI Act.
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 individual orders below, click the link for the PDF next to the order. 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)
Rockland Trust Company, Rockland, MA; (Successor to Slade's Ferry Trust Company Somerset, Massachusetts); FDIC-09-287k; against Kenneth R. Rezendes, Sr. in the amount of $40,000.00; Issued 10/26/09 - PDF (PDF Help)
Michigan Commerce Bank, Ann Arbor, MI; Successor in interest to Detroit Commerce Bank Detroit, Michigan; FDIC-09-417k; in the amount of $3,500.00; Issued 10/22/09 - PDF (PDF Help)
FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C.§1829
Section Termination 19
Steve M. Leonard; FDIC-09-383L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 10/5/09 - PDF (PDF Help)
John P. Murphy, FDIC-09-450L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 10/5/09 - PDF (PDF Help)
The Citizens Bank of Weir, Kansas, Weir, KS; FDIC-09-497e&j; FDIC-08-002e; Order Modifying Order of Prohibition From Further Participation against Martha E. Thompson; Issued 10/23/09 - PDF (PDF Help)
ORDER TERMINATING NOTICE OF CHARGES AND OF HEARING
(Note: A Notice is a proposal enforcement action and is not a final decision or order by the FDIC)
Notice of Intention to Prohibit From Further Participation, Notice of Assessment of Civil Money Penalty, Findings of Fact and Conclusions of Law, Order to Pay, and Notice of Hearing Issued under Sections 8(e) and 8(i) of the FDI Act
Bank of the West, San Francisco, California and Farmers Trust & Savings Bank, Earling, IA; FDIC-09-396e; FDIC-09-397k; Notice of Intention to Prohibit From Further Participation, Notice of Assessment of Civil Money Penalty, Findings of Fact and Conclusions of Law, Order to Pay, and Notice of Hearing; Issued 10/6/09 - PDF (PDF Help)
ADMINISTRATIVE HEARING SCHEDULED FOR DECEMBER 2009
Citizens Bank and Trust Company of Chicago, Chicago, IL; In the Matter of Robert Michael and George Michael; FDIC-03-106e and FDIC-03-107k; Section 8(e) and Civil Money Penalty Proceedings.
December 30, 2009
Everett McKinley Dirksen United States Courthouse Courtroom 719, 7th Floor 219 South Dearborn Street
Chicago, IL 60604
Jann Harley, Counsel
Chicago 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 8,099 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-214-2009