The Federal Deposit Insurance Corporation (FDIC) today released a list
of orders of administrative enforcement actions taken against banks
and individuals in March. No administrative hearings are scheduled for
May.
The FDIC processed a total of 16 final orders in March. These included
one written agreement, three cease-and-desist orders, three removal
and prohibition orders, two civil money penalties, one prompt corrective
action, one voluntary termination of insurance, one order of appointment
of receiver, two terminations of cease-and-desist orders, one adjudicated
decision and one call report penalty.
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., Washington, D.C. 20434 (telephone (703) 562-2200 or 800-276-6003).
A list of the orders made public today follows.
* * * * * * * *
FINAL ORDERS ISSUED PURSUANT TO SECTION 8, 12
U.S.C. § 1786(s)(1)(A)
(Written Agreement)
First Data Corporation, Atlanta, GA; Issued 3/29/99
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b),
12 U.S.C. § 1818(b)
(Cease-and-Desist Orders)
Bank of Lakewood, Lakewood, CA; FDIC-99-023b; Issued 3/9/99
Pacific Thrift and Loan Company, Woodland Hills, CA; FDIC-99-021b;
Issued 3/1/99
First State Bank of Purdy, Purdy, MO; FDIC-94-141k and FDIC-99-032b;
against Glen Garrett; Issued 3/5/99
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e),
12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
Clayco State Bank, Clayco, MO; FDIC-98-095e; against Larry Eggleston;
Issued 3/3/99
Bank of Cherokee County (Formerly First State Bank), Hubert, OK; FDIC-97-046e;
against Greg C. Swopes; Issued 3/3/99
Peoples State Bank, Augusta, WI; FDIC-98-094e; against John R. Clark;
Issued 3/31/99
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i),
12 U.S.C. § 1818(i)
(Civil Money Penalties)
The Mechanics Bank, Richmond, CA; FDIC-98-118k; Issued 3/17/99
Bank of Santa Clara, Santa Clara, CA; FDIC-99-004k; Issued 3/23/99
FINAL ORDERS ISSUED PURSUANT TO SECTION 38,
12 U.S.C. § 1818(i)
(Prompt Corrective Action)
Victory State Bank, Columbia, SC; against Timothy McConnell; FDIC-99-015pcad;
Issued 3/24/99
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q),
12 U.S.C. § 1818(q)
(Voluntary Termination of Insurance)
National Bank of Greece, S.A., West Roxbury Branch, West Roxbury, MA;
FDIC-99-009q; Issued 3/18/99
FINAL ORDERS ISSUED PURSUANT TO SECTION 11(c)(9),
12 U.S.C. § 1821(c)(9)
(Order of Appointment of Receiver)
Victory State Bank, Columbia, SC; FDIC-99-024SA; Issued 3/23/99
TERMINATIONS OF CEASE-AND-DESIST ORDERS
Charter Pacific Bank, Agoura Hills, CA; FDIC-98-4b; Issued 3/10/99
Kent Bank, Kent, IL; FDIC-94-198b; Issued 3/12/99
ADJUDICATED DECISION
Firstar Bank of Portage, Portage, WI; FDIC-95-165e and FDIC-98-101-ej;
Decision and Order Denying Application to Modify Order of Prohibition
From Further Participation against Donald E. Witt; Issued 3/11/99
FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a),
12 U.S.C. § 1817(a)
(Call Report Penalty)
Winthrop State Bank, Winthrop, MN; CR-98-9802-021; Stipulation and
Consent Order to Pay $1,141; Issued 3/23/99
