Bank regulators haven’t let up on the financial institutions they oversee — with 88 new regulatory orders identified during the past month.
Regulatory actions or terminations thereof, against financial institutions or their employees, saw a slight decline to 88 over last month’s report. Cease-and-desist activity was steady, while civil money penalties took a 50 percent decline.
The Federal Deposit Insurance Corp. processed 60 matters during February, a decline of one from 61 matters reported a month earlier. A slight decrease was also noted when compared to 64 matters reported in February 2010.
The FDIC and Office of the Comptroller of the Currency together issued 27 cease-and-desist or consent orders. That number has remained constant for three consecutive months.
Failed financial institutions often faced cease-and-desist or consent orders prior to being seized by regulators. The FDIC issues such orders pursuant to Section 8(b), 12 U.S.C. §1818(b).
| Company | Location | Regulator | Order/Docket No. | Date |
| Bank of George | Las Vegas, NV | FDIC | FDIC-10-940b | 2/1/2011 |
| Bank of Palatine | Palatine, IL | FDIC | FDIC-10-780b | 2/10/2011 |
| Bluegrass Community Bank | Danville, KY | FDIC | FDIC-10-279b | 2/15/2011 |
| Bridgeview Bank Group | Bridgeview, IL | FDIC | FDIC-10-853b | 2/10/2011 |
| Brighton Bank | Brighton, TN | FDIC | FDIC-10-515b | 2/23/2011 |
| Citizens Bank of Spencer, Tenn. | Spencer, TN | FDIC | FDIC-10-651b | 1/28/2011 |
| Citizens State Bank | Somerville, TX | FDIC | FDIC-10-962b | 2/15/2011 |
| Coast National Bank | San Luis Obispo, California | OCC | 2011-011 | 2/9/2011 |
| Columbia Savings Bank | Cincinnati, OH | FDIC | FDIC-10-958b | 2/24/2011 |
| Community Bank-Wheaton/Glen Ellyn | Glen Ellyn, IL | FDIC | FDIC-10-713b | 2/7/2011 |
| Country Bank | Aledo, IL | FDIC | FDIC-10-864b | 2/3/2011 |
| F & M Bank and Trust Company | Manchester, GA | FDIC | FDIC-10-873b | 2/4/2011 |
| First Financial Bank | Bessemer, AL | FDIC | FDIC-10-831b | 2/17/2011 |
| First National Bank | Edinburg, Texas | OCC | 2011-012 | 2/8/2011 |
| Georgia Banking Company | Atlanta, GA | FDIC | FDIC-10-490b | 2/1/2011 |
| Home Bank of Arkansas | Portland, AR | FDIC | FDIC-10-805b | 2/22/2011 |
| Horry County State Bank | Loris, SC | FDIC | FDIC-10-822b | 2/10/2011 |
| New City Bank | Chicago, IL | FDIC | FDIC-11-033b | 2/24/2011 |
| Northern Star Bank | Mankato, MN | FDIC | FDIC-10-738b | 2/28/2011 |
| Open Bank | Los Angeles, CA | FDIC | FDIC-11-062b | 2/16/2011 |
| Reliance Bank | Des Peres, MO | FDIC | FDIC-10-947b | 2/14/2011 |
| Peoples National Bank – Eric Anderson | Colorado Springs, Colorado | OCC | 2011-017 | 2/2/2011 |
| Savings Bank of Mendocino County | Ukiah, CA | FDIC | FDIC-10-887b | 2/4/2011 |
| South County Bank, National Association | Rancho Santa Margarita, California | OCC | 2011-010 | 1/24/2011 |
| Southern Community Bank and Trust | Winston-Salem, NC | FDIC | FDIC-10-823b | 2/25/2011 |
| State Bank | Wonder Lake, IL | FDIC | FDIC-10-821b | 2/7/2011 |
| Worlds Foremost Bank | Sidney, Nebraska | FDIC | FDIC-10-775b, FDIC-10-777k | 1/31/2011 |
The FDIC terminated cease-and-desist orders against 10 institutions during February.
| Company | Location | Regulator | Order/Docket No. | Date |
| American Trust Bank | Roswell, GA | FDIC | FDIC-09-301b | 2/22/2011 |
| Columbia Savings Bank | Cincinnati, OH | FDIC | FDIC-07-183b | 2/24/2011 |
| Community State Bank | Austin, TX | FDIC | FDIC-10-494b | 2/24/2011 |
| Communitysouth Bank and Trust | Easley, SC | FDIC | FDIC-09-698b | 2/24/2011 |
| First Bank | Williamstown, NJ | FDIC | FDIC-09-378b | 1/28/2011 |
| The Felton Bank | Felton, DE | FDIC | FDIC-09-432b | 2/10/2011 |
| Treaty Oak Bank | Austin, TX | FDIC | FDIC-09-684b | 2/24/2011 |
| West Michigan Community Bank | Hudsonville, MI | FDIC | FDIC-08-238b | 2/10/2011 |
| Americanfirst Bank | Clermont, FL | FDIC | FDIC-10-071PCAS | 2/18/2011 |
| Seattle Bank | Seattle, WA | FDIC | FDIC-11-006PCAS | 2/22/2011 |
The OCC, Federal Reserve and multiple state banking regulators recently entered formal agreements with 13 institutions. Such agreements often require the conservation of capital, operational improvements and, occasionally, management changes.
| Company | Location | Regulator | Order/Docket No. | Date |
| Canyon Community Bank, National Association | Tucson, Arizona | OCC | 2011-013 | 1/27/2011 |
| Farmers and Merchants Bancshares, Inc. | Burlington, Iowa | Federal Reserve Bank of Chicago | 11-023-WA/RB-HC | 2/28/2011 |
| First American International Corporation | Brooklyn, New York | Federal Reserve Bank of New York | 11-036-WA/RB-HC | 3/18/2011 |
| First Financial Holding Co., Ltd., First Commercial Bank, Ltd. and First Commercial Bank Los Angeles Branch | Taipei, Taiwan and Los Angeles, California | Federal Reserve Bank of San Francisco, State of California Department of Financial Institutions | 11-019-WA/RB-FH, 11-019-WA/RB-FB, 11-019-WA/RB-FBR | 3/28/2011 |
| Florida Bank Group, Inc., Florida Bank | Tampa, Florida | Federal Reserve Bank of Atlanta | 11-012-WA/RB-HC, 11-012-WA/RB-SM | 3/1/2011 |
| Northern States Financial Corporation | Waukegan, Illinois | Federal Reserve Bank of Chicago | 11-032-WA /RB-HC | 3/17/2011 |
| Rosholt Bancorporation, Inc. | Rosholt, Wisconsin | Federal Reserve Bank of Chicago | 11-005-WA/RB-HC | 3/1/2011 |
| Stark Bank Group, Ltd. and First American Bank | Fort Dodge, Iowa | Federal Reserve Bank of Chicago | 11-008-WA/RB-HC, 11-008-WA/RB-SM | 3/3/2011 |
| The First National Bank of Frederick | Frederick, South Dakota | OCC | 2010-266 | 12/16/2010 |
| The First National Bank of Southern Kansas | Mount Hope, Kansas | OCC | 2011-015 | 2/17/2011 |
| The Midland National Bank of Newton | Newton, Kansas | OCC | 2011-016 | 2/3/2011 |
| The National Bank | Moline, Illinois | OCC | 2011-014 | 1/26/2011 |
| Tidelands Bancshares, Inc. | Mount Pleasant, South Carolina | Federal Reserve Bank of Richmond | 11-022-WA/RB-HC | 3/18/2011 |
The FDIC and National Credit Union Administration banned nine individuals from financial institutions through removal-and-prohibition orders issued pursuant to Section 8(e), 12 U.S.C. § 1818(e).
| Employer | Location | Individual | Regulator | Amount | Order # | Date |
| Community Bank & Trust | Cornelia, GA | Robert R. Jones | FDIC | na | FDIC-09-754e | 2/24/2011 |
| Farmers State Bank of Danforth | Danforth, IL | Gerry L. Lunt | FDIC | na | FDIC-10-218e | 2/24/2011 |
| Security Pacific Bank | Los Angeles, CA | Julia L. Wiley | FDIC | na | FDIC-10-797e | 2/24/2011 |
| The Bank of Commerce | Ammon, ID | Steven E. Worton | FDIC | na | FDIC-10-726e; FDIC-10-727k | 2/17/2011 |
| The Provident Bank | Jersey City, NJ | Rena Logan | FDIC | na | FDIC-10-868e | 2/24/2011 |
| United Savings Bank | Philadelphia, PA | Katherine Harrell | FDIC | na | FDIC-10-740e | 2/17/2011 |
| na | na | Gary K. Ellis | NCUA | na | 11-0003-R3 | 1/24/2011 |
| na | na | Kathleen Hammer | NCUA | na | 11-0001-R3 | 2/4/2011 |
| na | na | Virginia Anderson | NCUA | na | 11-0002-R4 | 12/8/2010 |
Civil Money Penalties were issued against 16 companies by the OCC and the FDIC — which noted that such orders are issued pursuant to Section 8(i), 12 U.S.C. § 1818(i).
| Company | Location | Individual | Regulator | Amount | Order/Docket No. | Date |
| Artisans’ Bank | Wilmington, DE | na | FDIC | $4,000.00 | FDIC-10-753k | 2/7/2011 |
| Bank of Cave City | Cave City, AR | na | FDIC | $2,310.00 | FDIC-10-841k | 2/17/2011 |
| Citizens Bank & Trust Company | Atwood, TN | na | FDIC | $100.00 | FDIC-11-037OA | 2/16/2011 |
| Diamond Bank | Murfreesboro, AR | na | FDIC | $7,000.00 | FDIC-10-960k | 2/24/2011 |
| Excel Bank | Sedalia, MO | na | FDIC | $12,000.00 | FDIC-10-881k | 2/10/2011 |
| Excel Bank | Sedalia, MO | na | FDIC | $7,500.00 | FDIC-10-882k | 2/9/2011 |
| Farmers State Bank of Danforth | Danforth, IL | Gerry L. Lunt | FDIC | $5,000.00 | FDIC-10-886k | 2/24/2011 |
| Fox River State Bank | Burlington, WI | na | FDIC | $5,050.00 | FDIC-10-761k | 2/17/2011 |
| Integrity Bank | Camp Hill, PA | na | FDIC | $9,000.00 | FDIC-10-755k | 2/1/2011 |
| Nekoosa Port Edwards State Bank | Nekoosa, WI | na | FDIC | $3,700.00 | FDIC-10-920k | 2/15/2011 |
| Pacific National Bank | Miami, Florida | na | OCC | $7,000,000 | NR 2011-32 | 3/24/2011 |
| Peoples National Bank | Colorado Springs, Colorado | Eric Anderson | OCC | na | 2011-017 | 2/2/2011 |
| Suncrest Bank | Visalia, CA | FDIC | $3,400.00 | FDIC-11-073k | 2/23/2011 | |
| The Bank of Commerce | Ammon, ID | Steven E. Worton | FDIC | $10,000.00 | FDIC-10-726e; FDIC-10-727k | 2/17/2011 |
| The First National Bank of Wellston | Wellston, Ohio | na | OCC | na | 2011-018 | 1/28/2011 |
| VIST Bank | Wyomissing, PA | na | FDIC | $9,000.00 | FDIC-10-754k | 1/28/2011 |
Prompt Corrective Actions were issued against seven companies by the FDIC. FDIC prompt corrective actions are issued pursuant to Section 38, 12 U.S.C. § 1831o.
| Company | Location | Regulator | Order/Docket No. | Date |
| Bank of Las Vegas | Las Vegas, NV | FDIC | FDIC-11-015PCAS | 2/22/2011 |
| Central Arizona Bank | Casa Grande, AZ | FDIC | FDIC-11-011PCAS | 2/22/2011 |
| First Heritage Bank | Snohomish, WA | FDIC | FDIC-11-111PCAS | 2/24/2011 |
| Michigan Commerce Bank | Ann Arbor, MI | FDIC | FDIC-11-014PCAS | 2/22/2011 |
| Summit Bank | Prescott, AZ | FDIC | FDIC-11-063PCAS | 2/10/2011 |
| Sunrise Bank of Arizona | Phoenix, AZ | FDIC | FDIC-11-010PCAS | 2/22/2011 |
| The Village Bank | Saint George, UT | FDIC | FDIC-11-110PCAS | 2/22/2011 |
An order terminating supervisory prompt corrective action directive was issued for Americanfirst Bank in Clermont, Fla. and Seattle Bank in Seattle, Wash.
| Company | Location | Regulator | Order/Docket No. | Date |
| Coast National Bank | San Luis Obispo, California | OCC | 2011-011, EA# 2009-018 | 2/9/2011 |
| Community National Bank | Waterloo, Iowa | OCC | 2011-019, EA# 2010-026 | 2/8/2011 |
| Lakewood Bank, National Association | Baxter, Minnesota | OCC | 2011-020, EA# 2010-054 | 2/1/2011 |
A Final Order Section 19 was issued against Luis Oscar Sanchez.
An amended notice of Charges and Hearing was issued to Pacific Rim Bank in Honolulu, Hawaii on Feb. 3.
The FDIC scheduled an administrative hearing at its Dallas regional office for Parson, Tenn.-based Community South Bank on April 11.
The OCC scheduled an administrative hearing for former Wachovia employee, Colleen Adams, on April 5.
