Nearly three dozen regulatory actions were recently taken against U.S. financial institutions. Formal agreements, which sometimes require changes in operations and management, accounted for most of the latest activity.
Cease-and-desist orders, which often precede the failure of a bank, were issued against the following two banks by the Office of the Comptroller of the Currency.
| Company | Location | Regulator | Order/Docket No. | Date |
| Far East National Bank | Los Angeles | OCC | 2010-038 | March 9 |
| Solera National Bank | Lakewood, Colo. | OCC | 2010-039 | March 18 |
The OCC terminated cease-and-desist orders against The Granville National Bank and First National Bank of Kansas.
Formal agreements, which usually require the conservation of capital, were announced by the Federal Reserve Board and the OCC against the following institutions.
| Company | Location | Regulator | Order/Docket No. | Date |
| Access Bancshares Inc. | Champlin, Minn. | Federal Reserve Bank of Minneapolis | 10-035-WA/RB-HC | April 7 |
| Atlantic BancGroup, Inc. | Jacksonville Beach, Fla. | Federal Reserve Bank of Atlanta | 09-184-WA/RB-HC | March 26 |
| Atlantic Southern Financial Group Inc. | Macon, Ga. | Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia | 10-040-WA/RB-HC | March 26 |
| Bank of The Rio Grande N.A. | Las Cruces, N.M. | OCC | 2010-056 | Feb. 17 |
| BankTennessee Bancshares Inc., BankTennessee | Collierville, Tenn. | Federal Reserve Bank of St. Louis | 10-005-WA/RB-HC, 10-005-WA/RB-SM | March 25 |
| Citizens Bancshares of Woodville Inc. | Hudson, Wis. | Federal Reserve Bank of Minneapolis | 09-178-WA/RB-HC | March 31 |
| Citizens First National Bank | Princeton, Ill. | OCC | 2010-051 | March 15 |
| Citizens National Bank of Paintsville | Paintsville, Ky. | OCC | 2010-053 | Feb. 23 |
| FCB Florida Bancorporation Inc., First Commercial Bank of Florida | Orlando, Fla. | Federal Reserve Bank of Atlanta, State of Florida Office of Financial Regulation | 10-038-WA/RB-HC, 10-038-WA/RB-SM | March 31 |
| First Banks Inc., The San Francisco Co., First Bank | St. Louis | Federal Reserve Bank of St. Louis | 10-021-WA/RB-HC, 10-021-WA/RB-SM | March 24 |
| First National Bank | Hays, Kan. | OCC | 2010-052 | Jan. 27 |
| The First National Bank and Trust Company of Broken Arrow | Broken Arrow, Okla. | OCC | 2010-057 | Feb. 11 |
| First National Bank Minnesota | St. Peter, Minn. | OCC | 2010-055 | March 3 |
| First National Bank of Central Alabama | Aliceville, Ala. | OCC | 2010-045 | Feb. 17 |
| First National Bankers Bank, Alabama | Homewood, Ala. | OCC | 2010-047 | March 24 |
| Forrest City Bank, N.A. | Forrest City, Ark. | OCC | 2010-048 | Feb. 17 |
| Freedom National Bank | Greenville, R.I. | OCC | 2010-059 | March 4 |
| Golden Bank, N.A. | Houston | OCC | 2010-060 | Jan 20 |
| Independent Bancshares Inc. | Ocala, Fla. | Federal Reserve Bank of Atlanta | 10-047-WA/RB-HC | March 29 |
| Lakewood Bank, N.A. | Baxter, Minn. | OCC | 2010-054 | March 15 |
| The Mason National Bank | Mason, Texas | OCC | 2010-061 | March 15 |
| Midsouth Bank, N.A. | Dothan, Ala. | OCC | 2010-046 | March 25 |
| Peoples National Bank Leadville | Leadville, Colo. | OCC | 2010-049 | Feb. 17 |
| Resource Bank, N.A. | Dekalb, Ill. | OCC | 2010-050 | Feb. 11 |
| Rosemount Financial Services Inc. | Rosemount, Minn. | Federal Reserve Bank of Minneapolis | 10-050 -WA/RB-HC | April 2 |
| Valley National Bank | Tulsa, Okla. | OCC | 2010-058 | Feb/ 24 |
Formal agreements with First National Bank and Texana Bank, N.A., were terminated by the OCC.
The OCC reported that five institutions faced civil money penalties.
| Individual | Company | Location | Regulator | Order/Docket No. | Amount | Date |
| Larsh, Steve | First National Bank in Pawhuska | Pawhuska, Okla. | OCC | 2010-040 | na | Feb. 5 |
| Fisher, Alvin | Texas Republic Bank, N.A. | Frisco, Texas | OCC | 2010-044 | na | March 29 |
| Stuart, Douglas | First National Bank in Pawhuska | Pawhuska, Okla. | OCC | 2010-042 | na | Feb. 5 |
| Stuart, Elizabeth A. | First National Bank in Pawhuska | Pawhuska, Okla. | OCC | 2010-041 | na | Feb. 5 |
| Stutz, Larry | First National Bank in Pawhuska | Pawhuska, Okla. | OCC | 2010-043 | na | Feb. 5 |
The Fed reported the following prompt corrective action.
| Company | Location | Regulator | Order # | Date |
| Midwest Bank and Trust Co. | Elmwood Park, Ill. | Federal Reserve Board | 10-055-PCA-SM | March 30 |
The OCC reported that a notice (No. N10-001) was filed against Richard E. Magnuson of American Bank, N.A., in Lemars, Iowa on Feb. 18.
