Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Press Releases

FDIC Makes Public June Enforcement Actions;

One Administrative Hearing Scheduled for August 2016

FOR IMMEDIATE RELEASE
July 29, 2016
Media contact:
LaJuan Williams-Young
(202) 898-3876
lwilliams-young@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June. One administrative hearing is scheduled for August 2016.

The FDIC issued a total of 20 orders. The administrative enforcement actions in those orders consisted of one consent order; seven removal and prohibition orders; seven Section 19 orders; two termination of insurance; three terminations of consent orders and cease and desist orders; and one adjudicated decision.

To view the orders and notice online, please visit the FDIC's Web page by clicking the link below.

June 2016 Enforcement Decisions and Orders

###

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 banks and savings associations, 6,122 as of March 31, 2016. 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-60-2016

Skip Footer back to content