The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. One administrative hearing is scheduled for October.
The FDIC processed a total of 48 matters in August. These included twenty-four cease and desist orders; one temporary cease and desist order; fourteen civil money penalties; two prompt corrective action directives; and five orders terminating an order to cease and desist; and two Notices.
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.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. §1818(b)
(Cease-and-Desist)
First Standard Bank, Los Angeles, CA; FDIC-09-349b; Issued 8/5/09 – PDF (PDF Help)
Ventura County Business Bank, Oxnard, CA; FDIC-09-374b; Issued 8/5/09 – PDF (PDF Help)
Professional Business Bank, Pasadena, CA; FDIC-09-371b; Issued 8/24/09 – PDF (PDF Help)
Mother Lode Bank, Sonora, CA; FDIC-09-313b; Issued 8/28/09 – PDF (PDF Help)
Golden State Bank, Upland, CA; Issued 8/17/09 – PDF (PDF Help)
Heritage Bank of North Florida, Orange Park, FL; FDIC-09-227b; Issued 8/4/09 – PDF (PDF Help)
Providence Bank, Alpharetta, GA; FDIC-09-222b; Issued 8/18/09 – PDF (PDF Help)
Georgian Bank, Atlanta, GA; FDIC-09-231b; Issued 8/31/09 – PDF (PDF Help)
Gwinnett Community Bank, Duluth, GA; FDIC-09-223b; Issued 8/31/09 – PDF (PDF Help)
Oconee State Bank, Watkinsville, GA; FDIC-09-221b; Issued 8/18/09 – PDF (PDF Help)
InBank, Oak Forest, IL; FDIC-09-275b; Issued 8/7/09 – PDF (PDF Help)
Goshen Community Bank, Goshen, IN; FDIC-09-296b; Issued 8/21/09 – PDF (PDF Help)
Border Trust Company, Augusta, ME; FDIC-09-285b; Issued 8/12/09 – PDF (PDF Help)
Security State Bank of Lewiston, Lewiston, MN; FDIC-09-199b; Issued 08/20/09 – PDF (PDF Help)
Community Security Bank, New Prague, MN; FDIC-09-209b; Issued 08/03/09 – PDF (PDF Help)
First Resource Bank, Savage, MN; FDIC-09-263b; Issued 08/31/09 – PDF (PDF Help)
Bank of Granite, Granite Falls, NC; FDIC-09-358b; Issued 8/27/09 – PDF (PDF Help)
The Ohio State Bank, Marion, OH; FDIC-09-242b; Issued 8/7/09 – PDF (PDF Help)
Bank of the Cascades, Bend, OR; FDIC-09-437b; Issued 8/27/09 – PDF (PDF Help)
NexBank, SSB, Dallas, TX; FDIC-09-303b; Issued 8/19/09 – PDF (PDF Help)
Western Community Bank, Orem, UT; FDIC-09-368b; Issued 8/24/09 – PDF (PDF Help)
Anchor Mutual Savings Bank, Aberdeen, WA; FDIC-09-142b; Issued 8/12/09 – PDF (PDF Help)
North County Bank, Arlington, WA; FDIC-09-362b; Issued 8/18/09 – PDF (PDF Help)
Twin City Bank, Longview, WA; FDIC-09-401b; Issued 8/28/09 – PDF (PDF Help)
Bank of Tacoma, Tacoma, WA; FDIC-09-176b; Issued 8/11/09 – PDF (PDF Help)
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(c), 12 U.S.C. §1818(c)
(Temporary Cease-and-Desist Order)
Colonial Bank, Montgomery, AL; FDIC-09-402c&b; Issued 8/11/09 – PDF (PDF Help)
FINAL ORDERS ISSUED PURSUANT TO SECTION 18(h), 12 U.S.C. § 1828(h)
(Civil Money Penalties)
Fidelity Management Trust Company, Boston, MA; FDIC-09-340 OA; in the amount of $1,323.44; Issued 08/6/09 – PDF (PDF Help)
Pyramis Global Advisors Trust Company, Merrimack, NH; FDIC-09-342 OA; in the amount of $1,564.08; Issued 8/6/09 – PDF (PDF Help)
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
American River Bank, Sacramento, CA; FDIC-09-339k; in the amount of $7,770.00; Issued 8/13/09 – PDF (PDF Help)
Readlyn Savings Bank, Readlyn, IA; FDIC-09-276k; in the amount of $4,000.00; Issued 08/21/09 – PDF (PDF Help)
Peoples Bank of Kentucky, Inc., Flemingsburg, KY; FDIC-09-003k; in the amount of $4,620.00; Issued 8/26/09 – PDF (PDF Help)
Community Central Bank, Mount Clemens, MI; FDIC-07-106k; in the amount of $2,250.00; Issued 8/26/09 – PDF (PDF Help)
1st State Bank, Saginaw, MI; FDIC-08-374k; in the amount of $3,080.00; Issued 8/5/09 – PDF (PDF Help)
Independent Farmers Bank, Maysville, MO; FDIC-09-274k; in the amount of $1,500.00; Issued 8/13/09 – PDF (PDF Help)
Cornerstone Community Bank, Chattanooga, TN; FDIC-09-174k; in the amount of $25,000.00; Issued 8/27/09 – PDF (PDF Help)
Rainier Pacific Bank, Tacoma, WA; FDIC-09-426k; in the amount of $2,875.00; Issued 8/31/09 – PDF (PDF Help)
Banner Banks, Birnamwood, WI; FDIC-08-059k; in the amount of $1,300.00; Issued 8/6/09 – PDF (PDF Help)
Community Bank of Central Wisconsin, Colby, WI; FDIC-09-038k; in the amount of $7,200.00; Issued 8/12/09 – PDF (PDF Help)
Waumandee State Bank, Waumandee, WI; FDIC-09-002k; in the amount of $13,090.00; Issued 8/24/09 – PDF (PDF Help)
Cheyenne State Bank, Cheyenne, WY; FDIC-09-382k; in the amount of $6,765.00; Issued 8/27/09 – PDF (PDF Help)
FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o
(Prompt Corrective Actions)
American United Bank, Lawrenceville, GA; FDIC-09-365PCAP; Issued 8/13/09 – PDF (PDF Help)
Bank 1st, Albuquerque, NM; FDIC-09-463PCAS; Issued 8/31/09 – PDF (PDF Help)
TERMINATIONS
Order Terminating an Order to Cease and Desist
Security Bank of Jones County, Gray, GA; now know as State Bank and Trust Company, Pinehurst, Georgia; FDIC-09-124b; Issued 8/31/09 – PDF (PDF Help)
Security Bank of Bibb County, Macon, GA; now know as State Bank and Trust Company, Pinehurst, Georgia; FDIC-09-050b; Issued 8/31/09 – PDF (PDF Help)
Security Bank of Gwinnett County, Suwanee, GA; now know as State Bank and Trust Company, Pinehurst, Georgia; FDIC-09-411b; Issued 8/31/09 – PDF (PDF Help)
Security Bank of North Metro, Woodstock, GA; now know as State Bank and Trust Company, Pinehurst, Georgia; FDIC-09-116b; Issued 8/31/09 – PDF (PDF Help)
1ST Security Bank of Washington, Mountlake Terrace, WA; FDIC-07-190b; Issued: 8/3/09 – PDF (PDF Help)
NOTICES ISSUED
(Note: A Notice is a proposal enforcement action and is not a final decision or order by the FDIC)
Amended Notice of Charges and of Hearing Issued under Section 8(b) of the FDI Act
Venture Bank, Lacey, WA; FDIC-08-394b; Issued 8/31/09 – PDF (PDF Help)
Notice of Charges and of Hearing Issued under Section 8(b) of the FDI Act
Colonial Bank, Montgomery, AL; FDIC-09-402c&b; Issued 8/11/09 – PDF (PDF Help)
ADMINISTRATIVE HEARINGS SCHEDULED FOR OCTOBER 2009
First State Bank, Cranford, New Jersey; FDIC-08-166b; Section 8(b) Proceeding
Date: October 5, 2009
Location: To Be Determined
FDIC contact: Wendy L Markee, (Counsel)
Ramona Nicholson, Senior Attorney
New York Regional 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 8,195 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-176-2009
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