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FDIC MAKES PUBLIC MAY ENFORCEMENT ACTIONS; ONE ADMINISTRATIVE HEARING SCHEDULED

FOR IMMEDIATE RELEASE
PR-79-2002 (6-28-2002)
Media Contacts:
Frank Gresock (202) 898-6634

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

The FDIC processed a total of 20 orders in May. These included eight cease-and-desist orders, two removal and prohibition orders, nine civil money penalty orders, and one voluntary termination of insurance.

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). The orders will also be made available on-line within a week of the issuance of this news release. To view the orders on-line, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. 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)

Asiana Bank, Sunnyvale, CA; FDIC-02-071b; Issued 05/03/02

Cross Country Bank, Wilmington, DE; FDIC-02-035b; Issued 05/15/02

Heartland Community Bank, Franklin, IN; FDIC-02-026b; Issued 05/01/02

First American Bank, Jackson, MS; FDIC-02-032b; Issued 05/15/02

First Bank of Central New Jersey, North Brunswick, NJ; FDIC-01-174b; Issued 05/28/02

High Desert State Bank, Albuquerque, NM; FDIC-02-013b; Issued 05/01/02

Genesee Regional Bank, Rochester, NY; FDIC-02-037b; Issued 05/22/02

McMullen Bank, Tilden, TX; FDIC-02-061b; Issued 05/17/02

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)

(Removal and Prohibition Orders)


Brenton Bank, Des Moines, IA; FDIC-01-058e; against Robert Allen Hannusch; Issued 05/09/02

Peoples Bank of Fordland; Fordland, MO; FDIC-00-098e; against Steven L. Kindall; Issued 05/07/02

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)

(Civil Money Penalties)


Fidelity Bank of Florida, Merritt Island, FL; FDIC-01-161k; Order to Pay Civil Money Penalty in the amount of $4,000; Issued 05/09/02

First Citizens State Bank, Newport, IN; FDIC-02-022k; Order to Pay Civil Money Penalty in the amount of $2,800; Issued 05/09/02

Admire Bank, Emporia, KS; FDIC-01-057k; Order to Pay Civil Money Penalty against Russell D. Jenkins in the amount of $5,000; Issued 05/14/02

Admire Bank, Emporia, KS; FDIC-01-057k; Order to Pay Civil Money Penalty against M. Jean Woods in the amount of $5,000; Issued 05/14/02

Mercantile-Safe Deposit & Trust Company, Baltimore, MD; FDIC-01-185k; Order to Pay Civil Money Penalty in the amount of $21,650; Issued 05/09/02

Southern Missouri Bank and Trust Company, Poplar Bluff, MO; FDIC-02-005k; Order to Pay Civil Money Penalty in the amount of $7,300; Issued 05/01/02

Farmers & Merchants Bank, Milford, NE; FDIC-01-153k; Order to Pay Civil Money Order in the amount of $4,000; Issued 05/30/02

Nebraska State Bank of Omaha, Omaha, NE; FDIC-01-189k; Order to Pay Civil Money Penalty in the amount of $1,650; Issued 05/01/02

Nebraska State Bank of Omaha, Omaha, NE; FDIC-02-002k; Order to Pay Civil Money Penalty in the amount of $2,000; Issued 05/02/002

ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. § 1818(p)

(Voluntary Termination of Insurance)


YOUR:) Bank.com, Salt Lake City, UT; FDIC-02-046p; Issued 05/09/02

ADMINISTRATIVE HEARING SCHEDULED FOR JULY 2002


Cornerstone Community Bank, Chattanooga, Tennessee; In the Matter of Martha Yessick;
FDIC-00-050k; Civil Money Proceeding
Date: July 29, 2002
Location: Chattanooga, TN
FDIC contact: Richard W. Ott, Senior Attorney, Memphis Area 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 9,538 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 or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).

Last Updated 06/28/2002 communications@fdic.gov

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