The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. One administrative hearing is scheduled for April 2012.
The FDIC issued a total of 53 orders in February. The orders included: 13 consent orders; six removal and prohibition orders; ten civil money penalties; one prompt corrective action; two section 19 orders; one order terminating deposit insurance; 19 orders terminating consent orders and cease and desist orders; and one adjudicated decision and order.
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 by clicking the link below.
Florida Citizens Bank, Gainesville, Florida; FDIC-11-201b; Section 8(b) Proceeding
April 23, 2012
John B. Parker, Senior Regional Attorney
Walter C. Siedentopf, Regional Attorney
Atlanta 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 7,359 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-36-2012