Press Releases
FDIC Makes Public July Enforcement Actions; No Administrative Hearings Scheduled for August 2010
FOR IMMEDIATE RELEASE
August 27, 2010
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. No administrative hearings are scheduled.
The FDIC processed a total of 76 matters in July. These included 30 cease and desist consent orders; 12 removal and prohibition orders; one cross guarantee liability; 15 civil money penalties; one prompt corrective action; six section 19 orders; nine orders terminating an order to cease and desist; one notice of intention to prohibit from further participation; and one notice of intention to prohibit from further participation and notice of assessment of civil money penalty, findings of fact and conclusions of law, order to pay, and notice of hearing.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 1-877-275-3342). To view individual orders below, click the link for the PDF next to the order. To view all orders online, 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)
CB&S Bank, Inc., Russellville, AL; FDIC-10-176b; Issued 7/8/10 - PDF
Summit Bank, Prescott, AZ; FDIC-10-384b; Issued 7/28/10 - PDF
Metro United Bank, San Diego, CA; FDIC-10-379b; Issued 7/22/10 - PDF
Oceanic Bank, San Francisco, CA; FDIC-10-362b; Issued 7/15/10 - PDF
The Wilton Bank, Wilton, CT; FDIC-10-375b; Issued 7/22/10 - PDF
Bank of Jackson County, Graceville, FL; FDIC-10-364b; Issued 7/27/10 - PDF
Great Eastern Bank of Florida, Miami, FL; FDIC-10-365b; Issued 7/27/10 - PDF
TIB Bank, Naples, FL; FDIC-10-358b; Issued 7/2/10 - PDF
Pinnacle Bank, Orange City, FL; FDIC-10-184b; Issued 7/7/10 - PDF
First Chatham Bank, Savannah, GA; FDIC-10-177b; Issued 7/13/10 - PDF
AztecAmerica Bank, Berwyn, IL; FDIC-10-441b; Issued 7/30/10 - PDF
Millennium Bank, Des Plaines, IL; FDIC-10-200b; Issued 7/20/10 - PDF
First Choice Bank, Geneva, IL; FDIC-10-311b; Issued 7/29/10 - PDF
Security Bank, S.B., Springfield, IL; FDIC-10-317b; Issued 7/20/10 - PDF
Midwest Community Bank, Plainville, KS; FDIC-08-373b; Issued 7/12/10 - PDF
First Bank and Trust, New Orleans, LA; FDIC-10-329b; Issued 7/9/10 - PDF
HarVest Bank of Maryland, Rockville, MD; FDIC-10-349b; Consent Order; Issued 7/2/10 - PDF
Monroe Bank & Trust, Monroe, MI; FDIC-10-163b; Issued 7/12/10 - PDF
Sherburne State Bank, Becker, MN; FDIC-10-296b; Issued 7/12/10 - PDF
Riverland Bank, Jordan, MN; FDIC-10-208b; Issued 7/1/10 - PDF
Progrowth Bank, Nicollet, MN; Issued 7/1/10 - PDF
1st Commerce Bank, North Las Vegas, NV; FDIC-09-703b; Issued 7/13/10 - PDF
Hanover Community Bank, Garden City Park, NY; FDIC-10-292b; Issued 7/27/10 - PDF
Parkway Bank, Lenoir, NC; FDIC-10-402b; Issued 7/15/10 - PDF
Security Savings Bank, SSB, Southport, NC; FDIC-10-330b; Issued 7/28/10 - PDF
Benchmark Bank, Gahanna, OH; FDIC-10-355b; Issued 7/30/10 - PDF
Sevier County Bank, Sevierville, TN; FDIC-10-150b; Issued 7/27/10 - PDF
Main Street Bank, Kingwood, TX; FDIC-10-321b; Issued 7/28/10 - PDF
Cascade Bank, Everett, WA; FDIC-10-322b; Issued 7/15/10 - PDF
Citizens Bank of Mukwonago, Mukwonago, WI; FDIC-10-357b; Issued 7/30/10 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. ? 1818(e)
(Removal and Prohibition Orders)
FNBT.COM BANK.COM, Fort Walton Beach, FL; FDIC-10-110e; against Rita M. Richardson; Issued 7/21/10 - PDF
Gulf Coast Bank and Trust, New Orleans, LA; FDIC-09-433e; against Keith Ann Stopa; Issued 7/21/10 - PDF
First United Bank & Trust, Oakland, MD; FDIC-10-237e; against Jeremy T. Brooks; Issued 7/30/10 - PDF
Enterprise Bank and Trust Company, Lowell, MA; FDIC-10-156e; against David R. Nolan; Issued 7/22/10 - PDF
First State Bank, Minnesota, Le Roy, MN; FDIC-09-385e; against Gerald A. Payne; Issued 7/21/10 - PDF
BankPlus, Belzoni, MS; FDIC-09-040e; against Charles K. Payne, Jr.; Issued 7/21/10 - PDF
Hancock Bank, Gulfport, MS; FDIC-09-568e; against Pamela K. Swilley; Issued 7/30/10 - PDF
The Bank, Woodbury, NJ; FDIC-09-564e; against Jason W. Shaw; Issued 7/21/10 - PDF
Coatesville Savings Bank, Coatesville, PA; FDIC-10-236e; against James D. Ziegler; Issued 7/21/10 - PDF
North Penn Bank, Scranton, PA; FDIC-10-191e; against Glenn J. Clark; Issued 7/30/10 - PDF
International Bank of Commerce, Laredo, TX; FDIC-09-719e; against Norma Vargas; Issued 7/21/10 - PDF
Interstate Bank SSB, Perryton, TX; FDIC-09-738e; against Kathy Cluck; Issued 7/22/10 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 5(e), 12 U.S.C. ? 1815(e)
(Cross Guarantee Liability)
The Bank, Weatherford, TX; FDIC-09-739kk; Order Accepting Partial Satisfaction of Cross Guarantee Liability and Conditionally Granting Approval for Waiver of Cross Guarantee Liability; Issued 7/15/10 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. ? 1818(i)
(Civil Money Penalties)
Glennville Bank, Glennville, GA, FDIC-10-270k; in the amount of $7,000.00; Issued 7/28/10 - PDF
West Bank, West Des Moines, IA; FDIC-10-125k; in the amount of $15,500.00; Issued 7/12/10 - PDF
Town Square Bank, Inc., Ashland, KY; FDIC-10-260k; in the amount of $1,250.00; Issued 7/2/10 - PDF
Gulf Coast Bank and Trust, New Orleans, LA; FDIC-09-434k; against Keith Ann Stopa in the amount of $10,000.00; Issued 7/21/10 - PDF
Enterprise Bank and Trust Company, Lowell, MA; FDIC-10-157k; in the amount of $1,000.00; Issued 7/22/10 - PDF
Ann Arbor State Bank, Ann Arbor, MI; FDIC-10-267k; in the amount of $800.00; Issued 7/1/10 - PDF
First State Bank Minnesota, Le Roy, MN; FDIC-09-386k; against Gerald A. Payne in the amount of $30,000.00; Issued 7/21/10 - PDF
Vermillion State Bank, Vermillion, MN; FDIC-10-113k; in the amount of $9,800.00; Issued 7/21/10 - PDF
First Southern Bank, Columbia, MS; FDIC-10-420k; in the amount of $10,000.00; Issued 7/20/10 - PDF
Affinity Bank of Pennsylvania, Wyomissing, PA; FDIC-10-269k; in the amount of $5,500.00; Issued 7/22/10 - PDF
Clayton Bank and Trust, Knoxville, TN; FDIC-10-422k; in the amount of $10,000.00; Issued 7/21/10 - PDF
Tri-State Bank of Memphis, Memphis, TN; FDIC-10-418k; in the amount of $4,000.00; Issued 7/14/10 - PDF
Transportation Alliance Bank, Ogden, UT; FDIC-09-733k; in the amount of $97,500.00; Issued 7/21/10 - PDF
AbbyBank, Abbotsford, WI; FDIC-10-242k; in the amount of $7,000.00; Issued 7/7/10 - PDF
AbbyBank, Abbotsford, WI; FDIC-10-243k; in the amount of $8,500.00; Issued 7/7/10 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. ? 1831o
(Prompt Corrective Actions)
Palos Bank and Trust Company, Palos Heights, IL; FDIC-10-456PCAS; Issued 7/14/10 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C. ? 1829
(Section 19)
Petra Alexandra Burk; FDIC-10-222L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 7/28/10 - PDF
Richard Allan Garber; FDIC-10-225L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 7/13/10 - PDF
Travis D. Haymore; FDIC-10-126L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 7/27/10 - PDF
Lincoln T. Smith; FDIC-09-661L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 7/20/10 - PDF
Brian Tranetzki; FDIC-10-171L; Order Granting Permission to File Application ad Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 7/28/10 - PDF
Corey Charles Woodson; FDIC-10-283L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 7/13/10 - PDF
TERMINATIONS
Orders Terminating an Order to Cease and Desist
First Lowndes Bank, Fort Deposit, AL; FDIC-08-018b; Issued 7/28/10 - PDF
Independence Bank, Newport Beach, CA; FDIC-08-037b; Issued 7/23/10 - PDF
Independence Bank, Newport Beach, CA; FDIC-08-162b; Issued 7/23/10 - PDF
Darien Rowayton Bank, Darien, CT; FDIC-09-178b; Issued 7/15/10 - PDF
Freedom Bank, Bradenton, FL; FDIC-08-173b; Issued 7/28/10 - PDF
Peninsula Bank, Englewood, FL; FDIC-09-498b; Issued 7/13/10 - PDF
Appalachian Community Bank, Ellijay, GA; FDIC-09-010b; Issued 7/27/10 - PDF
Satilla Community Bank, Saint Marys, GA; FDIC-09-147b; Issued 7/28/10 - PDF
West Coast Bank, Lake Oswego, OR; FDIC-09-453b; Issued 7/15/10 - PDF
NOTICES ISSUED
(Note: A Notice is a proposal enforcement action and is not a final decision or order by the FDIC)
Notice of Intention to Prohibit From Further Participation
Chinatrust Bank (U.S.A.), Torrance, CA; FDIC-10-335e; Notice of Intention to Prohibit From Further Participation against Arlene Shih; Issued 7/20/10 - PDF
Notice of Intention to Prohibit From Further Participation and Notice of Assessment of Civil Money Penalty, Findings of Fact and Conclusions of Law, Order to Pay, and Notice of Hearing
American Bank Center, Dickinson, ND; FDIC-09-205e; FDIC-09-206k; Notice of Intention to Prohibit From Further Participation and Notice of Assessment of Civil Money Penalty, Findings of Fact and Conclusions of Law, Order to Pay, and Notice of Hearing against Howard R. Palmer; Issued 7/21/10 - PDF
# # #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 7,932 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, 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-198-2010
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