April’s FDIC cease and desist and other administrative orders

Below is a partial list of April 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. Later today, the FDIC is likely to seize a number of banks as it does every Friday. However, these banks will not be on that list as these actions are merely warnings.

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
(Cease-and-Desist)

North Alabama Bank, Hazel Green, AL; FDIC-09-731b; Issued 4/26/10 – PDF (PDF Help)

Pinnacle Bank, Rogers, AR; FDIC-10-169b; Issued 4/9/10 – PDF (PDF Help)

Community Commerce Bank, Claremont, CA; FDIC-10-093b; Issued 4/21/10 – PDF (PDF Help)

Pan Pacific Bank, Fremont, CA; FDIC-10-098b; Issued 4/22/10 – PDF (PDF Help)

Sunrise Bank, San Diego, CA; FDIC-09-732b; Issued 4/20/10 – PDF (PDF Help)

First Southwest Bank, Alamosa, CO; FDIC-10-179b; Issued 4/6/10 – PDF (PDF Help)

Cortez Community Bank, Brooksville, FL; FDIC-09-646b; Issued 4/6/10 – PDF (PDF Help)

Great Florida Bank, Coral Gables, FL; FDIC-10-095b; Issued 4/13/10 – PDF (PDF Help)

OptimumBank, Plantation, FL; FDIC-09-721b; Issued 4/16/10 – PDF (PDF Help)

Bartow County Bank, Cartersville, GA; FDIC-09-707b; Issued 4/14/10 – PDF (PDF Help)

Citizens State Bank, Kingsland, GA; FDIC-10-007b; Issued 4/14/10 – PDF (PDF Help)

Covenant Bank & Trust, Rock Spring, GA; FDIC-10-024b; Issued 4/28/10 – PDF (PDF Help)

First State Bank, Wrens, GA; FDIC-10-122b; Issued 4/28/10 – PDF (PDF Help)

Arcola Homestead Savings Bank, Arcola, IL; FDIC-10-167b; Issued 4/22/10 – PDF (PDF Help)

CIBM Bank, Champaign, IL; FDIC-10-062b; Issued 4/29/10 – PDF (PDF Help)

Valley Community Bank, St. Charles, IL; FDIC-09-214b; Issued 4/29/10 – PDF (PDF Help)

Norstates Bank, Waukegan, IL; FDIC-10-116b; Issued 4/16/10 – PDF (PDF Help)

Waukegan Savings Bank, Waukegan, IL; FDIC-10-144b; Issued 4/19/10 – PDF (PDF Help)

Roxbury Bank, Roxbury, KS; FDIC-09-207b; Issued 4/29/10 – PDF (PDF Help)

PBK Bank, Inc., Stanford, KY; FDIC-10-147b; Issued 4/19/10 – PDF (PDF Help)

First Community Bank, Hammond, LA; FDIC-10-119b; Issued 4/15/10 – PDF (PDF Help)

The Harbor Bank of Maryland, Baltimore, MD; FDIC-10-051b; Issued 4/5/10 – PDF (PDF Help)

Bank of Alpena, Alpena, MI; FDIC-10-014b; Issued 4/19/10 – PDF (PDF Help)

Michigan Commerce Bank, Ann Arbor, MI; FDIC-09-713b; Issued 4/5/10 – PDF (PDF Help)

Cambridge State Bank, Cambridge, MN; FDIC-10-132b; Issued 4/29/10 – PDF (PDF Help)

The Bank of Elk River, Elk River, MN; FDIC-10-028b; Issued 4/5/10 – PDF (PDF Help)

Highland Bank, Saint Michael, MN; FDIC-10-029b; Issued 4/14/10 – PDF (PDF Help)

Citizens Bank & Trust Company, Chillicothe, MO; FDIC-10-080b; Issued 4/14/10 – PDF (PDF Help)

First Asian Bank, Las Vegas, NV; FDIC-10-220b; Issued 4/12/10 – PDF (PDF Help)

Magyar Bank, New Brunswick, NJ; FDIC-10-067b; Issued 4/22/10 – PDF (PDF Help)

Washita State Bank, Burns Flat, OK; FDIC-09-070b; Issued 4/5/10 – PDF (PDF Help)

PremierWest Bank, Medford, OR; FDIC-10-105b; Issued 4/6/10 – PDF (PDF Help)

Metro Bank, Lemoyne, PA; FDIC-10-137b; Issued 4/29/10 – PDF (PDF Help)

Earthstar Bank, Southhampton, PA; FDIC-08-080b; Issued 4/29/10 – PDF (PDF Help)

South Carolina Community Bank, Columbia, SC; FDIC-10-108b; Issued 4/28/10 – PDF (PDF Help)

Carolina First Bank, Greenville, SC; FDIC-10-121b; Issued 4/30/10 – PDF (PDF Help)

Cornerstone Community Bank, Chattanooga, TN; FDIC-10-037b; Issued 4/2/10 – PDF (PDF Help)

Heritage Community Bank, Greeneville, TN; FDIC-10-145b; Issued 4/21/10 – PDF (PDF Help)

TNBank, Oak Ridge, TN; FDIC-09-596b; Issued 4/21/10 – PDF (PDF Help)

Park Cities Bank, Dallas, TX; FDIC-10-081b; Issued 4/15/10 – PDF (PDF Help)

Holladay Bank & Trust, Salt Lake City, UT; FDIC-10-070b; Issued 4/8/10 – PDF (PDF Help)

Bank of the Northwest, Bellevue, WA; FDIC-09-712b; Issued 4/2/10 – PDF (PDF Help)

First Heritage Bank, Snohomish, WA; FDIC-10-252b; Issued 4/26/10 – PDF (PDF Help)

FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o
(Prompt Corrective Actions)

Towne Bank of Arizona, Mesa, AZ; FDIC-10-263PCAS; Issued 4/8/10 – PDF (PDF Help)

Innovative Bank, Oakland, CA; FDIC-10-271PCAS; Issued 4/9/10 – PDF (PDF Help)

Sonoma Valley Bank, Sonoma, CA; FDIC-10-275PCAS; Issued 4/13/10 – PDF (PDF Help)

Coastal Community Bank, Panama City Beach, FL; FDIC-10-247PCAS; Issued 4/5/10 – PDF (PDF Help)

Broadway Bank, Chicago, IL; FDIC-10-266PCAS; Issued 4/19/10 – PDF (PDF Help)

Citizens Bank & Trust Company, Chicago, IL; FDIC-10-302PCAS; Issued 4/20/10 – PDF (PDF Help)

Lincoln Park Savings Bank, Chicago, IL; FDIC-10-303PCAS; Issued 4/22/10 – PDF (PDF Help)

First Sound Bank, Seattle, WA; FDIC-10-306PCAS; Issued 4/28/10 – PDF (PDF Help)

Washington First International Bank, Seattle, WA; FDIC-10-245PCAS; Issued 4/1/10 – PDF (PDF Help)

TERMINATION

Orders Terminating an Order to Cease and Desist

Elkhart Community Bank. Elkhart, IN; FDIC-09-297b; Issued 4/15/10 – PDF (PDF Help)

Farmers Deposit Bank of Middleburg, Inc., Middleburg, KY; FDIC-08-185b; Issued 4/19/10 – PDF (PDF Help)

North Houston Bank, Houston, TX; FDIC-09-471b; Issued 4/19/10 – PDF (PDF Help)

Madisonville State Bank, Madisonville, TX; FDIC-09-470b; Issued 4/29/10 – PDF (PDF Help)

American Express Centurion Bank, Salt Lake City, UT; FDIC-09-251b; Issued 4/14/10 – PDF (PDF Help)

Bank of Tacoma, Tacoma, WA; FDIC-09-176b; Issued 4/14/10 – PDF (PDF Help)

Marine Bank, Wauwatosa, WI; (now known as CIBM Bank, Champaign, Illinois); FDIC-09-43b; Issued 4/29/10 – PDF(PDF Help)