January’s FDIC cease and desist and other administrative orders
Below is a partial list of January 2010 FDIC enforcement decisions and orders. I have only included cease-and-desist orders, prompt corrective action notices and termination of insurance orders as these are the signs of banking system distress.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
Cease-and-Desist
Peoples Independent Bank, Boaz, AL; FDIC-09-670b; Issued 1/29/10 – PDF
Union State Bank, Pell City, AL; FDIC-09-589b; Issued 1/29/10 – PDF
Sunrise Bank of Arizona, Phoenix, AZ; FDIC-09-704b; Issued 1/15/10 – PDF
Copper Star Bank, Scottsdale, AZ; FDIC-09-657b; Issued 1/28/10 – PDF
Firstier Bank, Louisville, CO; FDIC-09-601b; Issued 1/22/10 – PDF
Oceanside Bank, Jacksonville Beach, FL; FDIC-09-037b; Issued 1/7/10 – PDF
Gulf Coast Community Bank, Pensacola, FL; FDIC-09-421b; Issued 1/29/10 – PDF
Capitol City Bank & Trust Company, Atlanta, GA; FDIC-09-538b; Issued 1/20/10 – PDF
Farmers & Merchants Bank, Eatonton, GA; FDIC-09-316b; Issued 1/13/10 – PDF
Heritage Bank, Jonesboro, GA; FDIC-09-664b; Issued 1/8/10 – PDF
First Choice Community Bank 1874, Newnan, GA; FDIC-09-346b; Issued 1/19/10 – PDF
The Patterson Bank, Patterson, GA; FDIC-09-687b; Issued 1/29/10 – PDF
Bank of Valdosta, Valdosta, GA; FDIC-09-465b; Issued 1/8/10 – PDF
Creekside Bank, Woodstock, GA; FDIC-09-529b; Issued 1/8/10 – PDF
Bank of Wrightsville, Wrightsville, GA; FDIC-09-561b; Issued 1/28/10 – PDF
Town Community Bank and Trust, Antioch, IL; FDIC-09-689b; Issued 1/14/10 – PDF
Broadway Bank, Chicago, IL; FDIC-09-573b; Issued 1/26/10 – PDF
Highland Community Bank, Chicago, IL; FDIC-09-423b; Issued 1/21/10 – PDF
State Bank of Burnettsville, Burnettsville, IN; FDIC-09-534b; Issued 1/14/10 – PDF
Clarke County State Bank, Osceola, IA; FDIC-09-668b; Issued 1/8/10 – PDF
Pilsen State Bank, Lincolnville, KS; FDIC-09-607b; Issued 1/6/10 – PDF
First Security Bank & Trust Company, Norton, KS; FDIC-09-616b; Issued 1/6/10 – PDF
Security State Bank, Scott City, KS; FDIC-09-634b; Issued 1/22/10 – PDF
Citizens Union Bank of Shelbyville, Shelbyville, KY; FDIC-09-567b; Issued 1/15/10 – PDF
The Union Bank, Marksville, LA; FDIC-09-726b; Issued1/29/10 – PDF
Athol-Clinton Co-operative Bank, Athol, MA; FDIC-09-605b; Issued 1/19/10 – PDF
Stoneham Savings Bank, Stoneham, MA; FDIC-10-019b; Issued 1/26/10 – PDF
First State Bank of Kiester, Kiester, MN; FDIC-09-616b; Issued 1/20/10 – PDF
Northeast Bank, Minneapolis, MN; FDIC-09-656b; Issued 1/26/10 – PDF
Bank of Smithtown, Smithtown, NY; FDIC-09-655b; Issued 1/29/10 – PDF
The Citizens Bank of East Tennessee, Rogersville, TN; FDIC-09-645b; Issued 1/28/10 – PDF
The Cowlitz Bank, Longview, WA; FDIC-09-305b; Issued 1/27/10 – PDF
Cambridge State Bank, Cambridge, WI; FDIC-09-659b; Issued 1/30/10 – PDF
Security State Bank, Iron River, WI; FDIC-09-546b; Issued 1/20/10 – PDF
Evergreen State Bank, Stoughton, WI; FDIC-08-410b; Issued 1/25/10 – PDF
MODIFICATION
Blue Ridge Savings Bank, Inc., Asheville, NC; FDIC-08-293b; Modification of Order to Cease and Desist; Issued 1/27/10 – PDF
TERMINATIONS
Orders Terminating an Order to Cease and Desist
Edgebrook Bank, Chicago, IL; FDIC-07-223b; Issued 1/8/10 – PDF
The Bank of Harlan, Harlan, KY; FDIC-08-164b; Issued 1/29/10 – PDF
Mt. Washington Co-operative Bank, South Boston, MA; FDIC-09-311b; Issued 1/7/10 – PDF
Nevada Bank and Trust Company, Caliente, NV; FDIC-08-007b; Issued 1/20/10 – PDF
Yep, the recovery is well underway.