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The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December. One administrative hearing is scheduled during February 1998.
The FDIC processed a total of 12 orders in December. These included one cease-and-desist order, one call report penalty, five terminations of deposit insurance, one voluntary termination of deposit insurance, three terminations of cease-and-desist orders and one adjudicated decision.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or 800-276-6003). A list of orders made public today follows.
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FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. 1818(b)
(Cease-and-Desist Order)
North Milwaukee State Bank, Milwaukee, WI; FDIC-97-89b; Issued 12/19/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. 1817(a)
(Call Report Penalty)
The Converse County Bank, Douglas, WY; CR-95-9502-38; Issued 12/5/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. 1818(p)
(Terminations of Insurance)
California Thrift and Loan, Santa Barbara, CA; FDIC-97-94p; Issued 12/10/97
Bank of Tokyo-Mitsubishi, Chicago, IL; FDIC-97-93p; Issued 12/11/97
Barclays Bank of New York, National Association, Great Neck, NY; FDIC-97-024p; Issued 12/11/97
Nippon Credit Trust Company; New York, NY; FDIC-97-95p; Issued 12/18/97
Bay Loan and Investment Bank, East Greenwich, RI; FDIC-97-097p; Issued 12/31/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. 1818(q)
(Voluntary Termination of Insurance)
Pioneer Savings and Loan Association, Irvine, CA; FDIC-97-099q; Issued 12/31/97
TERMINATIONS OF CEASE-AND-DESIST ORDERS
New West Thrift & Loan Company, Novato, CA; FDIC-92-136b; Issued 12/2/97
Community Savings Bank, Bristol, CT; FDIC-92-356b; Issued 12/31/97
First State Bank, Moulton, TX; FDIC-95-162b; Issued 12/9/97
ADJUDICATED DECISION
First Commerce Bank, Corpus Christi, TX; FDIC-96-050g; Decision and Order of Prohibition From Further Participation against Benny Dominguez; Issued 12/23/97
ADMINISTRATIVE HEARING SCHEDULED FOR FEBRUARY 1998
NBO National Bank, Olyphant, Pennsylvania; FDIC-97-56L; Section 8(L) Proceeding
| Date: |
February
17, 1998 |
| Location:
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Washington,
D.C. |
| FDIC
Contact: |
Susan L.
Chomicz, Senior Regional Attorney
Chicago Regional Office |
# # #
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 11,027 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.
FDIC press releases and other information are available on the
Internet via the World Wide Web at www.fdic.gov and
may also be
obtained through the FDIC's Public Information Center (800-276-6003 or
(703) 562-2200).
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