Press Release

FDIC Makes Public October Enforcement Actions; One Administrative Hearing Scheduled for December 2011

FOR IMMEDIATE RELEASE
November 25, 2011
Media Contact:
LaJuan Williams-Young
Office: (202) 898-3876
Email: lwilliams-young@fdic.gov

 

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October. One administrative hearing is scheduled for December 2011.

The FDIC issued a total of 75 orders and one notice in October. The orders included: 17 consent orders; 11 removal and prohibition orders; one cross guarantee liability; 29 civil money penalties; one prompt corrective action; thirteen orders terminating consent orders and cease and desist orders; and three orders terminating a supervisory prompt corrective action directive. The following notice was issued: a notice of intention to remove from office and/or to prohibit from further participation, notice of assessment of civil money penalties, findings of fact and conclusions of law, orders to pay, and notice 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 http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.

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

First Community Bank, Santa Rosa, CA; FDIC-11-428b; Issued 10/20/11 – PDF

State Bank of Georgia, Fayetteville , GA; FDIC-11-311b; Issued 10/4/11 – PDF

Town Center Bank, Frankfort, IL; FDIC-11-335b; Issued 10/12/11 – PDF

Grabill Bank, Grabill, IN; FDIC-11-338b; Issued 10/25/11 – PDF

Regal Bank and Trust, Owings Mills , MD; FDIC-11-423b; Issued 10/26/11 – PDF

First Independence Bank, Detroit, MI; FDIC-11-449b; Issued 10/25/11 – PDF

Commerce Bank, Geneva, MN; FDIC-11-380b; Issued 10/12/11 – PDF

Omni Bank, Mantee, MS; FDIC-11-329b; Issued 10/12/11 – PDF

The Wilmington Savings Bank, Wilmington, OH; FDIC-11-376b; Issued 10/26/11 – PDF

West Coast Bank, Lake Oswego, OR; FDIC-11-466b; FDIC-11-468k; Issued 10/11/11 – PDF

CoastalStates Bank, Hilton Head Island, SC; FDIC-11-275b; Issued 10/12/11 – PDF

Libertad Bank, SSB, Austin, TX; FDIC-11-368b; Issued 10/13/11 – PDF

Libertad Bank, SSB, Austin, TX; FDIC-11-477b; Issued 10/6/11 – PDF

Fort Davis State Bank, Fort Davis, TX; FDIC-11-535b; Issued 10/31/11 – PDF

Seattle Bank, Seattle, WA; FDIC-11-403b; FDIC-11-363k; Issued 10/17/11 – PDF

Bank of Wausau, Wausau, WI; FDIC-10-488b; Issued 10/28/11 – PDF

Bank of Wausau, Wausau, WI; FDIC-11-351b; Issued 10/12/11 – PDF

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

United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; against John M. Cinderey; Issued 10/7/11 – PDF

United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; against Richard L. Swartz; Issued 10/7/11 – PDF

United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; against Lawrence M. Zhang; Issued 10/7/11 – PDF

Dime Bank, Norwich, CT; FDIC-11-102e; against Philip J. Mongillo; Issued 10/7/11 – PDF

The Citizens State Bank of Taylor County, Reynolds, GA; FDIC-11-443e; FDIC-11-444k; against Beverly H. Poore; Issued 10/7/11 – PDF

 

Mid-Missouri Bank, Springfield, MO; FDIC-10-084e; against Scott B. Rosenthal; Issued 10/20/11 – PDF

Mid-Missouri Bank, Springfield, MO; FDIC-10-086e; against K. Chris Couch; Issued 10/20/11 – PDF

Mid-Missouri Bank, Springfield, MO; FDIC-10-088e; against Frank B. McReynolds; Issued 10/20/11 – PDF

Mid-Missouri Bank, Springfield, MO; FDIC-10-090e; against Kayla Muskrat; Issued 10/20/11 – PDF

Clarion County Community Bank, Clarion, PA; FDIC-11-366e; against Tami L. Toy; Issued 10/20/11 – PDF

Prosperity Bank, El Campo, TX; FDIC-11-195e; against Jennifer Herrera; Issued 10/7/11 – PDF

FINAL ORDERS ISSUED PURSUANT TO SECTION 5(e), 12 U.S.C. § 1815(e) (Cross Guarantee Liability)

Bank of Las Colinas, Irving, Texas; FDIC-11-427kk; Issued 10/21/11 – PDF

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i) (Civil Money Penalties)

United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; Order of Prohibition From Further Participation and Order to Pay against John M. Cinderey in the amount of $40,000.00; Issued 10/7/11 – PDF

United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; Order of Prohibition From Further Participation and Order to Pay against Richard L. Swartz in the amount of $12,500.00; Issued 10/7/11 – PDF

United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; Order of Prohibition From Further Participation and Order to Pay against Lawrence M. Zhang in the amount of $35,000.00; Issued 10/7/11 – PDF

Valley Business Bank, Visalia, CA; FDIC-11-493k; in the amount of $12,600.00; Issued 10/11/11 – PDF

Rocky Mountain Bank & Trust Florence, Florence, CO; FDIC-11-301k; against Douglas L. McClure in the amount of $30,000.00; Issued 10/7/11 – PDF

Rocky Mountain Bank & Trust Florence, Florence, CO; FDIC-11-302k; against Marty K. Burleson in the amount of $25,000.00; Issued 10/7/11 – PDF

Rocky Mountain Bank & Trust Florence, Florence, CO; FDIC-11-303k; against Duane Hays in the amount of $25,000.00; Issued 10/7/11 – PDF

Rocky Mountain Bank & Trust Florence, Florence, CO; FDIC-11-304k; against Gerald L. Montney in the amount of $25,000.00; Issued 10/7/11 – PDF

Barclays Bank Delaware, Wilmington, DE; FDIC-11-171k; in the amount of $425,000.00; Issued 9/2/11 – PDF

Gateway Bank of Southwest Florida, Sarasota, FL; FDIC-11-437k; in the amount of $5,000.00; Issued 10/5/11 – PDF

The Citizens State Bank of Taylor County, Reynolds, GA; FDIC-11-443e; FDIC-11-444k; Order of Prohibition From Further Participation and an Order to Pay against Beverly H. Poore in the amount of $10,000.00; Issued 10/7/11 – PDF

The Citizens Bank, Nashville, GA; FDIC-11-418k; in the amount of $7,000.00; Issued 10/6/11 – PDF

First State Bank, Stuart, IA; FDIC-11-459k; in the amount of $2,000.00; Issued 10/13/11 – PDF

Magnolia Bank, Incorporated, Hodgenville, KY; FDIC-11-318k; in the amount of $26,000.00; Issued 10/31/11 – PDF

The Dart Bank, Mason, MI; FDIC-11-222k; in the amount of $7,750.00; Issued 10/25/11 – PDF

Monroe Bank & Trust, Monroe, MI; FDIC-11-392k; in the amount of $11,000.00; Issued 10/26/11 – PDF

Triad Bank, Frontenac, MO; FDIC-11-451k; in the amount of $2,800.00; Issued 10/7/11 – PDF

Triad Bank, Frontenac, MO; FDIC-11-452k; in the amount of $2,500.00; Issued 10/7/11 – PDF

Mid-Missouri Bank, Springfield, MO; FDIC-10-085k; against Scott B. Rosenthal in the amount of $62,500.00; Issued 10/20/11 – PDF

Mid-Missouri Bank, Springfield, MO; FDIC-10-087k; against K. Chris Couch in the amount of $50,000.00; Issued 10/20/11 – PDF

Mid-Missouri Bank, Springfield, MO; FDIC-10-089k; against Frank B. McReynolds in the amount of $13,500.00; Issued 10/20/11 – PDF

Emigrant Bank, New York, NY; FDIC-11-506k; in the amount of $21,650.00; Issued 10/5/11 – PDF

Israel Discount Bank of New York, New York, NY; FDIC-11-487k; in the amount of $2,500.00; Issued: 10/17/11 – PDF

The First Bexley Bank, Bexley, OH; FDIC-11-197k; in the amount of $1,350.00; Issued 10/6/11 – PDF

West Coast Bank, Lake Oswego, OR; FDIC-11-466b; FDIC-11-468k; Consent Order, Order for Restitution, and Order to Pay in the amount of $390,000.00; Issued 10/11/11 – PDF

Reliance Savings Bank, Altoona, PA; FDIC-11-537k; in the amount of $12,000.00; Issued 10/26/11 – PDF

Castroville State Bank, Castroville, TX; FDIC-11-347k; in the amount of $1,500.00; Issued 10/19/11 – PDF

Spirit of Texas Bank, SSB, College Station, TX; FDIC-11-349k; in the amount of $4,400.00; Issued 10/12/11 – PDF

Seattle Bank, Seattle, WA; FDIC-11-403b; FDIC-11-363k; Consent Order for Restitution and Order to Pay in the amount of $40,000.00; Issued 10/17/11 – PDF

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

Country Bank, Aledo, IL; FDIC-11-555PCAS; Issued 10/5/11 – PDF

TERMINATIONS

Orders Terminating Consent Orders and Cease and Desist Orders

Ventura County Business Bank, Oxnard, CA; Cert. No. 57441; Merged Into and Now Known As: Royal Business Bank, Los Angeles, CA; Cert. No. 58816; FDIC-09-374b; Issued 10/24/11 – PDF

Golden Security Bank, Rosemead, CA; Cert. No. 26615; Merged Into and Now Known As: First General Bank; Rowland Heights, CA; Cert. No. 58060; FDIC-09-108b; Issued 10/24/11 – PDF

Piedmont Community Bank, Gray, GA; FDIC-08-348b; Issued 10/28/11 – PDF

The Tattnall Bank, Reidsville, GA; FDIC-08-349b; Issued 10/28/11 – PDF

Creekside Bank, Woodstock, GA; FDIC-09-529b; Issued 10/4/11 – PDF

First Choice Bank, Geneva, IL FDIC-10-311b; Issued 10/18/11 – PDF

Sun Security Bank, Ellington, MO; (Assumed by Great Southern Bank, Reeds Spring, MO); FDIC-08-066b; Issued 10/17/11 – PDF

Sun Security Bank, Ellington, MO; (Assumed by Great Southern Bank, Reeds Spring, MO); FDIC-08-180; Issued 10/13/11 – PDF

Service1st Bank of Nevada, Las Vegas, NV; FDIC-10-512b; Issued 10/31/11 – PDF ISN Bank, Cherry Hill, NJ; FDIC-07-215b; Issued 10/28/11 – PDF

Bank of Smithtown, Smithtown, NY; FDIC-09-655b; Issued 10/28/11 – PDF

First International Bank, Plano, TX; FDIC-10-003b; Issued 10/17/11 – PDF

Regal Financial Bank, Seattle, WA; FDIC-09-558b; Issued 10/19/11 – PDF

Order Terminating A Supervisory Prompt Corrective Action

Ventura County Business Bank, Oxnard, CA; Cert. No. 57441; Merged Into and Now Known As: Royal Business Bank, Los Angeles, CA; Cert. No. 58816; FDIC-10-092PCAS Issued 10/24/11 – PDF

Ravenswood Bank, Chicago, IL; FDIC-10-286PCAS; Issued 10/5/11 – PDF

First International Bank, Plano, TX; FDIC-11-189PCAS; Issued 10/17/11 – PDF

NOTICE ISSUED
(Note: A Notice is a proposal enforcement action and is not a final decision or order by the FDIC)

Notice of Intention to Remove From Office and/or to Prohibit From Further Participation, Notice of Assessment of Civil Money Penalties, Findings of Fact and Conclusions of Law, Orders to Pay, and Notice of Hearing

United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; Notice of Intention to Remove From Office and/or to Prohibit From Further Participation; Notice of Assessment of Civil Money Penalties, Findings of Fact and Conclusions of Law, Orders to Pay, and Notice of Hearing against Thomas Shiu-Kit Wu, Ebrahim Shabudin, Craig S. On, Thomas T. Yu, John M. Kerr, Paul Montelaro, Christian C. Lee, Lauren A. Tran, Yixing Sun, and Ta-Lun Wu; Issued 9/21/11 – PDF

ADMINISTRATIVE HEARING SCHEDULED FOR DECEMBER 2011

EuroBank, Coral Gables, FL; FDIC-10-585b; Section 8(b) Proceeding

Date: December 5, 2011
Location: Miami, Florida
FDIC Contacts: John B. Parker, Senior Regional Attorney
Barbara J. Lukes, Counsel
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