May’s FDIC cease and desist and other administrative orders

Below is a partial list of May 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)

Butte Community Bank, Chico, CA; FDIC-10-097b; Issued 5/18/10 – PDF

America California Bank, San Francisco, CA; FDIC-10-287b; Issued 5/14/10 – PDF

Tri Valley Bank, San Ramon, CA; FDIC-10-293b; Issued 5/24/10 – PDF

Sonoma Valley Bank, Sonoma, CA; FDIC-10-249b; Issued 5/18/10 – PDF

First Vietnamese American Bank, Westminster, CA; FDIC-10-248b; Issued 5/25/10 – PDF

Pine River Valley Bank, Bayfield, CO; FDIC-10-284b; Issued 5/26/10 PDF

Bank of Choice, Greeley, CO; FDIC-10-142b; Issued 5/6/10 PDF

The First Bank of Greenwich, Cos Cob, CT; FDIC-10-323b; Issued 5/17/10 PDF

Bank of Florida – Southwest, Fort Lauderdale, FL; FDIC-09-587b; Issued 5/21/10 PDF

Bank of Florida – Southwest, Naples FL; FDIC-09-586b; Issued 5/21/10 PDF

Bank of Florida – Tampa Bay, Tampa, FL; FDIC-09-588b; Issued 5/20/10 PDF

Premier Bank, Tallahassee, FL; FDIC-10-074b; Issued 5/5/10 PDF

Columbus Community Bank, Columbus, GA; FDIC-10-135b; Issued 5/25/10 PDF

South Georgia Bank, Glennville, GA; FDIC-10-165b; Issued 5/5/10 PDF

Pineland State Bank, Metter, GA; FDIC-10-211b; Issued 5/27/10 PDF

Bank of Monticello, Monticello, GA; FDIC-10-258b; Issued 5/27/10 PDF

Citizens Bank of Effingham, Springfield, GA; FDIC-10-102b; Issued 5/4/10 PDF

Builders Bank, Chicago, IL; FDIC-09-617b; Issued 5/27/10 PDF

HomeStar Bank and Financial Services, Manteno, IL; FDIC-09-580b; Issued 5/24/10 PDF

Monarch Community Bank, Coldwater, MI; FDIC-10-190b; Issued 5/6/10 PDF

Traverse City State Bank, Traverse City, MI; FDIC-10-131b; Issued 5/26/10 PDF

Eagle Community Bank, Maple Grove, MN; FDIC-10-164b; Issued 5/27/10 PDF

Glasgow Savings Bank, Glasgow, MO; FDIC-10-282b; Issued 5/26/10 PDF

Superior Bank, Hazelwood, MO; FDIC-10-229b; Issued 5/26/10 PDF

Ericson State Bank, Ericson, NE; FDIC-10-230b; Issued 5/20/10 PDF

Pisgah Community Bank, Asheville, NC; FDIC-10-280b; Issued: 5/5/10 PDF

Nova Bank, Berwyn, PA; FDIC-10-210b; Issued 5/7/10 PDF

First CornerStone Bank, King of Prussia, PA; FDIC-10-151b; Issued 5/12/10 PDF

Congaree State Bank, West Columbia, SC; FDIC-10-047b; Issued 5/14/10 PDF

The Equitable Bank, SSB, Wauwatosa, WI; FDIC-10-099b; Issued 5/14/10 PDF

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)

(Removal and Prohibition Orders)

TotalBank, Miami, FL; FDIC-09-729e; against Antoinette Rios; Issued 5/20/10 PDF

Commerce Bank & Trust Company, Worcester, MA and 1-800-EAST-WEST

MORTGAGE COMPANY; FDIC-08-327e; against John F. Gallagher; Issued 5/20/10 PDF

Citizens Bank of Pennsylvania, Philadelphia, PA; FDIC-10-197e; against Trena M. Smith; Issued 5/20/10 PDF

 

FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. §1831o

(Prompt Corrective Actions)

Legacy Bank, Scottsdale, AZ; FDIC-10-354PCAS; Issued 5/24/10 PDF

Butte Community Bank, Chico, CA; FDIC-10-334PCAS; Issued 5/3/10 PDF

Shoreline Bank, Shoreline, CA; FDIC-10-387PCAS; Issued 5/27/10 PDF

Ravenswood Bank, Chicago, IL; FDIC-10-286PCAS; Issued 5/6/10 PDF

SouthwestUSA Bank, Las Vegas, NV; FDIC-10-343PCAS; Issued 5/7/10 PDF

Blue Ridge Savings Bank, Inc., Asheville, NC; FDIC-10-333PCAS; Issued 5/28/10 PDF

LibertyBank, Eugene, OR; FDIC-10-361PCAS; Issued 5/14/10 PDF

Badger State Bank, Cassville, WI; FDIC-10-316PCAS; Issued 5/5/10 PDF

 

TERMINATIONS

Orders Terminating an Order to Cease and Desist

Arcola Homestead Savings Bank, Arcola, IL; FDIC-09-078b; Issued 5/27/10 PDF

BankHaven, Haven, KS; FDIC-08-108b; Issued 5/28/10 PDF

Paragon Bank & Trust, Holland, MI; FDIC-09-352b; Issued 5/6/10 PDF

State Bank of Aurora, Aurora, MN; FDIC-09-026b; Issued 5/26/10 PDF

De Witt State Bank, De Witt, NE; FDIC-09-442b; Issued 5/20/10 PDF

The Farmers Bank, Lincoln, NE; FDIC-09-060b; Issued 5/20/10 PDF

Citizens State Bank of Lankin, Lankin, ND; FDIC-07-01b; Issued 5/20/10 PDF