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The Federal Deposit Insurance Corporation today released a
list of orders of administrative enforcement actions taken
against banks and individuals in March 1996. No administrative
hearings are scheduled during May.
The FDIC processed a total of 22 final orders in March.
These included one cease-and-desist order, six removal and
prohibition orders, three civil money penalties, one modification
to a cease-and-desist order, 10 terminations of cease-and-desist
orders, and one adjudicated decision (issued in February).
Copies of the orders referred to above can be obtained from
or inspected at the Public Information Center, FDIC, 801 17th
Street, N.W., Room 100, Washington, D.C. 20434 (telephone (703) 562-2200 or Fax (703) 562-2296). A list of the orders made
public today is attached.
* * * * * * * *
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C.
1818(b)
(Cease-and-Desist)
State Bank of Keyesport, Keyesport, IL; FDIC-96-4b; Issued
3/22/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C.
1818(e)
(Removal and Prohibition Orders)
First Commercial Bank, Sacramento, CA; FDIC-95-175e; against W.
Greg Karr; Issued 3/14/96
First Commercial Bank, Sacramento, CA; FDIC-95-175e; against
Charles Grimm; Issued 3/14/96
New England Savings Bank, New London, CT (formerly known as
Omnibank, Hartford, CT); FDIC-95-156e; against Michael F. Romano;
Issued
3/12/96
Citizens Savings, Inc., SSB, Concord, NC; FDIC-95-171e; against
Millie P. Fink; Issued 3/14/96
The Citizens State Bank of Dickinson, Texas, Dickinson, TX;
FDIC-95-151e; against Stacy R. Fields; Issued 3/15/96
Monona State Bank, Monona, WI; FDIC-95-159e; against Lyndon D.
Jackson; Issued 3/25/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C.
1818(i)
(Civil Money Penalties)
International Bank of Chicago, Chicago, IL; FDIC-95-100k; against
Maria Tai; Issued 3/25/96
International Bank of Chicago, Chicago, IL; FDIC-95-101k; against
Warren Tai; Issued 3/25/96
International Bank of Chicago, Chicago, IL; FDIC-95-102k; against
Eric Chang; Issued 3/25/96
MODIFICATION
Sunniland Bank, Fort Lauderdale, FL; FDIC-95-13b; Issued 3/7/96
TERMINATIONS OF ORDERS TO CEASE AND DESIST
First Bank of Eva, Eva, AL; FDIC-94-71b; Issued 3/8/96
Monarch Bank, Laguna Niguel, CA; FDIC-94-170b; Issued 3/11/96
Lippo Bank, Los Angeles, CA; FDIC-94-174b; Issued 3/15/96
Pan American Bank, Los Angeles, CA; FDIC-94-184b; Issued 3/27/96
Santa Monica Bank, Santa Monica, CA; FDIC-93-95b; Issued 3/5/96
Bank of Stockton, Stockton, CA; FDIC-95-26b; Issued 3/11/96
Pacific Thrift and Loan Company, Woodland Hills, CA; FDIC-95-44b;
Issued 3/27/96
Pine Banking Corporation, Miami, FL; FDIC-94-164b; Issued 3/21/96
First State Bank and Trust Company, Plain Dealing, LA;
FDIC-94-192b; Issued 3/5/96
First Bank, Lexington, TN; FDIC-94-193b; Issued 3/5/96
ADJUDICATED DECISION
Daiwa Bank Trust Company, New York, NY; FDIC-95-155a; Amendment
of Settlement Agreement; Issued 2/2/96
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Congress created the Federal Deposit Insurance Corporation in
1933 to maintain public confidence in the nation's banking
system. The FDIC insures deposits at the nation's 12,000 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.
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