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.


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)

(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)


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)

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