Below is a partial list of December 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.
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December. No administrative hearings are scheduled.
The FDIC processed a total of 57 matters in December. These included 27 cease and desist consent orders; one temporary cease and desist consent order; seven removal and prohibition orders; seven civil money penalties; three prompt corrective action directives; one voluntary termination of insurance; two Section 19 orders; one modification of order to cease and desist; six orders terminating an order to cease and desist; and two notices of charges and of hearing.
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 https://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-DesistFirst Bank, Wadley, AL; FDIC-09-577b; Issued 12/18/09 – PDF (PDF Help)
Uniti Bank, Buena Park, CA; FDIC-09-745b; Issued 12/22/09 – PDF (PDF Help)
Gateway Business Bank, Cerritos, CA; FDIC-09-572b; Issued 12/10/09 – PDF (PDF Help)
Saehan Bank, Los Angeles, CA; FDIC-09-557b; Issued 12/07/09 – PDF (PDF Help)
Fireside Bank, Pleasanton, CA; FDIC-09-727b; Issued 12/21/09 – PDF (PDF Help)
Decatur First Bank, Decatur, GA; FDIC-09-377b; Issued 12/21/09 – PDF (PDF Help)
Central Bank of Georgia, Ellaville, GA; FDIC-09-128b; Issued 12/3/09 – PDF (PDF Help)
Enterprise Banking Company, McDonough, GA; FDIC-09-462b; Issued 12/21/09 – PDF (PDF Help)
Darby Bank & Trust Co., Vidalia, GA; FDIC-09-594b; Issued 12/18/09 – PDF (PDF Help)
The People Bank, Winder, GA; FDIC-09-590b; Issued 12/16/09 – PDF (PDF Help)
Central Pacific Bank, Honolulu, HI; FDIC-09-715b; Issued 12/8/09 – PDF (PDF Help)
Wheatland Bank, Naperville, IL; FDIC-09-308b; Issued 12/21/09 – PDF (PDF Help)
Griffith Savings Bank, Griffith, IN; FDIC-09-550b; Issued 12/14/09 – PDF (PDF Help)
The Merchants & Farmers Bank, Melville, LA; FDIC-09-367b; Issued 12/22/09 – PDF (PDF Help)
The State Bank, Fenton, MI; FDIC-09-472b; Issued 12/29/09 – PDF (PDF Help)
Peoples Bank of the South, Bude, MS; FDIC-09-566b; Issued 12/10/09 – PDF (PDF Help)
Bank of Franklin, Meadville, MS; FDIC-09-562b; Issued 12/8/09 – PDF (PDF Help)
Meramec Valley Bank, Valley Park, MO; FDIC-09-474b; Issued 12/3/09 – PDF (PDF Help)
Freedom Bank, Columbia Falls, MT; FDIC-09-625b; Issued 12/17/09 – PDF (PDF Help)
Treasure State Bank, Missoula, MT; FDIC-09-714b; Issued 12/28/09 – PDF (PDF Help)
Sun West Bank, Las Vegas, NV; FDIC-09-665b; Issued 12/17/09 – PDF (PDF Help)
LibertyBank, Eugene, OR; FDIC-09-376b; Issued 12/23/09 – PDF (PDF Help)
1st Financial Bank USA, Dakota Dunes, SD; FDIC-09-307b; FDIC-09-309k; Issued 12/30/09 – PDF(PDF Help)
Home Savings Bank, Salt Lake City, UT; FDIC-09-418b; Issued 12/3/09 – PDF (PDF Help)
Shoreline Bank, Shoreline, WA; FDIC-09-736b; Issued 12/29/09 – PDF (PDF Help)
Banks of Wisconsin, Kenosha, WI; FDIC-09-615b; Issued 12/31/09 – PDF (PDF Help)
WaterStone Bank, SSB, Wauwatosa, WI; FDIC-09-509b; Issued 12/18/09 – PDF (PDF Help)
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(c), 12 U.S.C. § 1818(c)
Temporary Cease-and-Desist OrdersAdvanta Bank, Wilmington, DE; FDIC-09-724c&b; Issued 12/16/09 – PDF (PDF Help)
FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o
Prompt Corrective ActionsUSA Bank, Port Chester, NY; FDIC-09-708PCAS; Supervisory Prompt Corrective Action Directive;Issued 12/8/09 – PDF (PDF Help)
Columbia River Bank, The Dalles, OR; FDIC-09-751PCAS; Supervisory Prompt Corrective Action Directive; Issued 12/23/09 – PDF (PDF Help)
Horizon Bank, Bellingham, WA; FDIC-09-678PCAS; Supervisory Prompt Corrective Action Directive;Issued 12/3/09 – PDF (PDF Help)
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. § 1818(p)
Voluntary Termination of InsuranceTrust Industrial Bank, Denver, CO; FDIC-09-662p; Issued 12/1/09 – PDF (PDF Help)
MODIFICATION
Premier American Bank, Miami, FL; FDIC-09-061b; Modification of Order to Cease and Desist;Issued 12/9/09 – PDF (PDF Help)
TERMINATIONS
Order Terminating an Order to Cease and Desist
Uniti Bank, Buena Park, CA; FDIC-08-395b; Issued 12/23/09 – PDF (PDF Help)
Pacific Valley Bank, Salinas, CA; FDIC-0-235b; Issued 12/7/09 – PDF (PDF Help)
Georgian Bank, Atlanta, GA; FDIC-09-231b; Issued 12/7/09 – PDF (PDF Help)
The Merchants & Farmers Bank, Melville, LA; FDIC-06-118b; Issued 12/22/09 – PDF (PDF Help)
Riverview Community Bank, Otsego, MN; FDIC-09-064b; Issued 12/16/09 – PDF (PDF Help)
Wallis State Bank, Wallis, TX; FDIC-07-201b; Issued 12/1/09 – PDF (PDF Help)
Source
PR-20-2010 FDIC Makes Public December Enforcement Actions; No Administrative Hearings are Scheduled – FDIC