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 64 matters in February. These included 36 cease and desist consent orders; three removal and prohibition orders; thirteen civil money penalties; five prompt corrective actions; six orders terminating an order to cease and desist; and one notice of intention to prohibit from further participation, notice of assessment of civil money penalties, findings of fact, conclusions of law, order to pay and notice of hearing.
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)
Bank of the West, San Francisco, CA; [Formerly Commercial Federal Bank, Omaha, Nebraska] and Farmers Trust Savings Bank, Earling, IA; FDIC-09-396e; FDIC-09-397k; against Kenneth D. Waite; Issued 2/17/10 - PDF (PDF Help)
FINAL ORDERS Issued PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
Civil Money Penalties
Bank of the West, San Francisco, CA; [Formerly Commercial Federal Bank, Omaha, Nebraska] and Farmers Trust Savings Bank, Earling, IA; FDIC-09-396e; FDIC-09-397k; Order of Prohibition From Further Participation and Order to Pay against Kenneth D. Waite in the amount of $40,000.00; Issued 2/17/10 - 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 8,012 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-65-2010