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Financial Regulation News | Mortgage Regulations
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Regulatory Litigation and Actions
Fourth Quarter 2008 Mortgage Litigation Report

main report page


Regulatory Reports
Q1 2009 Q4 2008 Q3 2008


Regulator actions against financial institutions and mortgage licensees.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
Tomatobank, N.A., Diamond Bar, Calif. OCC na na Cease-and-desist orders were issued by the Office of the Comptroller of the Currency against the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
First Security National Bank, Norcross, Ga. OCC na na Cease-and-desist orders were issued by the Office of the Comptroller of the Currency against the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
The First National Bank of Anthony, Anthony, Kan. OCC na na Cease-and-desist orders were issued by the Office of the Comptroller of the Currency against the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
Eastern National Bank (Miami) OCC na na The OCC issued a civil money penalty order against Eastern National Bank in Miami. na na na www.mortgagedaily.com/Regulatory122308.asp
Yumiko Edwards of Wells Fargo Bank, N.A., in Sioux Falls, S.D. OCC na na A removal-prohibition order was issued against Yumiko Edwards. na na na www.mortgagedaily.com/Regulatory122308.asp
Flagship National Bank, Bradenton, Fla. OCC na na A formal agreements was reached betweent the OCC and the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
Riverside National Bank of Florida,Fort Pierce OCC na na A formal agreements was reached betweent the OCC and the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
The Milford National Bank and Trust Co., Milford, Mass. OCC na na A formal agreements was reached betweent the OCC and the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
Wachovia Bank, N.A., Charlotte, N.C. OCC na na A formal agreements was reached betweent the OCC and the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
City First Bank of D.C., N.A., Washington, D.C. OCC na na An existing enforcement action was terminated against the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
Old Missouri National Bank, Springfield OCC na na An existing enforcement action was terminated against the bank. na na na www.mortgagedaily.com/Regulatory122308.asp
OCEAN BANKSHARES INC. FEDERAL RESERVE BANK OF ATLANTA BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. na The Federal Reserve Board announced that an agreement was executed between Miami-based Ocean Bankshares Inc. and the Federal Reserve Bank of Atlanta to conserve capital. In addition, Ocean has agreed to comply with laws and regulations, implement procedures that properly account for loan- and lease-loss allowances and report back about its progress. Written Agreement by and between OCEAN BANKSHARES INC. Miami, Florida, and FEDERAL RESERVE BANK OF ATLANTA Atlanta, Georgia Docket No. 08-058-WA/RB-HC Dec. 19, 2008 www.mortgagedaily.com/Regulatory122308.asp
THE TEMPLAR FUND INC., BANCORP INC., FFC FINANCIAL CORP., TRUMAN BANK FEDERAL RESERVE BANK OF ST. LOUIS BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. na The owners of Truman Bank in Clayton, Mo. -- The Templar Fund Inc., Truman Bancorp Inc. and FFC Financial Corp. -- entered an agreement with the Federal Reserve Bank of St. Louis. The order calls for improved management oversight, a diversification of lending beyond commercial real estate and an overhaul of lending and credit administration practices. In addition, the bank must adjust its accounting for loan- and lease-loss allowances, conserve capital and report back on its progress. Written Agreement by and among THE TEMPLAR FUND INC., St. Louis, Missouri, TRUMAN BANCORP INC., St. Louis, Missouri, FFC FINANCIAL CORP., St. Louis, Missouri, TRUMAN BANK, Clayton, Missouri, and FEDERAL RESERVE BANK OF ST. LOUIS, St. Louis, Missouri Docket No. 08-053-WA/RB-HC and 08-053-WA/RB-SM Dec. 10, 2008 www.mortgagedaily.com/Regulatory122308.asp
MICHIGAN HERITAGE BANK FEDERAL RESERVE BANK OF CHICAGO, MICHIGAN OFFICE OF FINANCIAL AND INSURANCE REGULATION BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. na Michigan's Office of Financial and Insurance Regulation and the Federal Reserve Bank of Chicago entered an agreement with Michigan Heritage Bank in Farmington Hills. The agreement calls for the bank to conserve capital, improve its assets and properly account for its allowance for loan and lease losses. Written Agreement by and among MICHIGAN HERITAGE BANK, Farmington Hills, Michigan, FEDERAL RESERVE BANK OF CHICAGO, Chicago, Illinois, and MICHIGAN OFFICE OF FINANCIAL AND INSURANCE REGULATION Lansing, Michigan Docket No. 08-057-WA/RB-SM Dec. 16, 2008 www.mortgagedaily.com/Regulatory122308.asp
CHEROKEE BANCSHARES, INC. FEDERAL RESERVE BANK OF MINNEAPOLIS BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. na The Federal Reserve Bank of Minneapolis has entered an agreement with Cherokee Bancshares Inc. of Saint Paul, Minn. The bank has agreed to conserve capital, comply with laws and regulations and report back on its progress. Written Agreement by and between CHEROKEE BANCSHARES, INC. Saint Paul, Minnesota, and FEDERAL RESERVE BANK OF MINNEAPOLIS Minneapolis, Minnesota Docket No. 08-037-WA/RB-HC Dec. 17, 2008 www.mortgagedaily.com/Regulatory122308.asp
BIRTHRIGHT INC. FEDERAL RESERVE BANK OF ATLANTA BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. na Birthright Inc. of Montgomery, Ala., signed an agreement with the Federal Reserve Bank of Atlanta. The institution has agreed to comply with laws and regulations, conserve capital and report back on its progress. Written Agreement by and between BIRTHRIGHT, INCORPORATED Montgomery, Alabama, and FEDERAL RESERVE BANK OF ATLANTA Atlanta, Georgia Docket No. 08-060-WA/RB-HC Dec. 15, 2008 www.mortgagedaily.com/Regulatory122308.asp
EvaBank, Eva, Ala. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 29, 2008 www.mortgagedaily.com/Regulatory121508.asp
Alliance Bank, Culver City, Calif. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 15, 2008 www.mortgagedaily.com/Regulatory121508.asp
First Bank of Delaware, Wilmington, Del. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 9, 2008 www.mortgagedaily.com/Regulatory121508.asp
FirstBank Financial Services, McDonough, Ga. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 23, 2008 www.mortgagedaily.com/Regulatory121508.asp
Heritage Community Bank, Glenwood, Ill. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 10, 2008 www.mortgagedaily.com/Regulatory121508.asp
Kenney Bank and Trust, Kenney, Ill. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 2, 2008 www.mortgagedaily.com/Regulatory121508.asp
Polk County Bank, Johnston, Iowa FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 27, 2008 www.mortgagedaily.com/Regulatory121508.asp
The Bank of Harlan, Harlan, Ky. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 2, 2008 www.mortgagedaily.com/Regulatory121508.asp
OneUnited Bank, Boston FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 27, 2008 www.mortgagedaily.com/Regulatory121508.asp
Northpointe Bank, Grand Rapids, Mich. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 1, 2008 www.mortgagedaily.com/Regulatory121508.asp
Select Bank, Grand Rapids, Mich. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na August 28, 2008 www.mortgagedaily.com/Regulatory121508.asp
Sun Security Bank, Ellington, Mo. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 30, 2008 www.mortgagedaily.com/Regulatory121508.asp
Fort Davis State Bank, Fort Davis, Texas FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 17, 2008 www.mortgagedaily.com/Regulatory121508.asp
Sanderson State Bank, Sanderson, Texas FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 16, 2008 www.mortgagedaily.com/Regulatory121508.asp
MagnetBank, Salt Lake City FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 1, 2008 www.mortgagedaily.com/Regulatory121508.asp
Bank of Wyoming, Thermopolis, Wyo. FDIC na na The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. na na October 17, 2008 www.mortgagedaily.com/Regulatory121508.asp
First Bank of Delaware, Wilmington, Del. FDIC na $304,000 The FDIC issued civil money penalties against this bank. na na October 9, 2008 www.mortgagedaily.com/Regulatory121508.asp
Century Bank of Georgia, Cartersville, Ga. FDIC na $5,500 The FDIC issued civil money penalties against this bank. na na October 6, 2008 www.mortgagedaily.com/Regulatory121508.asp
Mercantile Bank, Quincy, Ill. FDIC na $2,450 The FDIC issued civil money penalties against this bank. na na October 22, 2008 www.mortgagedaily.com/Regulatory121508.asp
Community Bank, Winslow, Ill. FDIC na $13,310 The FDIC issued civil money penalties against this bank. na na Oct. 22, 2008 www.mortgagedaily.com/Regulatory121508.asp
Citizens Union Bank of Shelbyville, Shelbyville, Ky. FDIC na $8,650 The FDIC issued civil money penalties against this bank. na na Oct. 1, 2008 www.mortgagedaily.com/Regulatory121508.asp
Century Bank, Lucedale, Miss. FDIC na $10,255 The FDIC issued civil money penalties against this bank. na na Oct. 24, 2008 www.mortgagedaily.com/Regulatory121508.asp
Bank of the Cascades, Bend, Ore. FDIC na $43,550 The FDIC issued civil money penalties against this bank. na na Oct. 8, 2008 www.mortgagedaily.com/Regulatory121508.asp
Independence Bank, East Greenwich, R.I. FDIC na $2,500 The FDIC issued civil money penalties against this bank. na na Oct. 17, 2008 www.mortgagedaily.com/Regulatory121508.asp
Anderson Brothers Bank, Mullins, S.C. FDIC na $11,200 The FDIC issued civil money penalties against this bank. na na Oct. 20, 2008 www.mortgagedaily.com/Regulatory121508.asp
1st Security Bank of Washington, Mountlake Terrace, Wash. FDIC na $4,235 The FDIC issued civil money penalties against this bank. na na Oct. 9, 2008 www.mortgagedaily.com/Regulatory121508.asp
Banks of Wisconsin, Kenosa, Wis. FDIC na na The FDIC issued civil money penalties against this bank. na na na www.mortgagedaily.com/Regulatory121508.asp
Community Bank., Blountsville, Ala. FDIC na na An order dismissing charges was issued against Community Bank na na na www.mortgagedaily.com/Regulatory121508.asp
Fremont Investment & Loan, Brea, Calif.; FDIC na na A cease-and-desist order was terminated against the institution. na na na www.mortgagedaily.com/Regulatory121508.asp
Pan Pacific Bank, Fremont, Calif. FDIC na na A cease-and-desist order was terminated against the institution. na na na www.mortgagedaily.com/Regulatory121508.asp
Integrity Bank, Alpharetta, Ga. FDIC na na A cease-and-desist order was terminated against the institution. na na na www.mortgagedaily.com/Regulatory121508.asp
1st State Bank, Saginaw, Mich. FDIC na na A cease-and-desist order was terminated against the institution. na na na www.mortgagedaily.com/Regulatory121508.asp
Mesilla Valley Bank, Las Cruces, N.M. FDIC na na A cease-and-desist order was terminated against the institution. na na na www.mortgagedaily.com/Regulatory121508.asp
First Bank of Delaware in Wilmington, Del. FDIC na na An order terminating a temporary order to cease and desist was issued against First Bank na na na www.mortgagedaily.com/Regulatory121508.asp
Julianne L. Gingrich Federal Reserve Board The Board of Governors of the Federal Reserve System, Washington, D.C. na The Federal Reserve Board issued a consent order of prohibition against Julianne L. Gingrich. Gingrich, who previously worked as a former assistant vice president for SunTrust Bank, didn't admit to any allegations of her participation in violations of law, unsafe and unsound banking practices and breaches of fiduciary duty. In the Matter of Julianne L. Gingrich, A Former Institution-Affiliated Party of SunTrust Bank, Atlanta, Georgia Docket No. 08-044-E-I Dec. 3, 2008 www.mortgagedaily.com/Regulatory121508.asp
Community Investment Services Inc. Federal Reserve Bank of Minneapolis. The Board of Governors of the Federal Reserve System, Washington, D.C. na A written agreement was entered into between the fed and Community Investment Services Inc. of North Branch, Minn. The agreement calls for Community to conserve capital and take steps to improve compliance with laws and regulations. Written Agreement by and between Community Investment Services Inc., North Branch, Minnesota, and Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota Docket No. 08-045-WA/RB-HC Dec. 9, 2008 www.mortgagedaily.com/Regulatory121508.asp
Valley Capital Bank, N.A., Mesa, Ariz. OCC na na A cease-and-desist orders was issued against the bank. na na na www.mortgagedaily.com/Regulatory112608.asp
Delta Bank, N.A., Manteca, Calif. OCC na na A cease-and-desist orders was issued against the bank. na na na www.mortgagedaily.com/Regulatory112608.asp
Omni National Bank, Atlanta OCC na na A cease-and-desist orders was issued against the bank. na na na www.mortgagedaily.com/Regulatory112608.asp
David S. Eisenberg, California National Bank, Los Angeles OCC na na The regulator issued civil money penalty orders against these entities/individuals. na na na www.mortgagedaily.com/Regulatory112608.asp
Eastern National Bank, Miami. OCC na na The regulator issued civil money penalty orders against these entities/individuals. na na na www.mortgagedaily.com/Regulatory112608.asp
First National Bank of Baldwin County, Foley, Ala. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
Palm Desert National Bank, Palm Desert, Calif. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
The Adams National Bank, Washington, D.C. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
First National Bank of Griffin, Griffin, Ga. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
First Suburban National Bank, Maywood, Ill. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
The First National Bank of Olathe, Olathe, Kan. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
First National Bank in Howell, Howell, Mich. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
Heritage Bank, N.A., Spicer, Minn. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
The First National Bank of Wayne, Wayne, Neb. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
Charter West National Bank, West Point, Neb. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
Bank of Anderson, N.A., Anderson, S.C. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
Beach First National Bank, Myrtle Beach, S.C. OCC na na A formal agreement was made with the institution. na na na www.mortgagedaily.com/Regulatory112608.asp
Vernon W. Hill, II OCC na na A personal cease-and-desist order and a restitution order was issued against Vernon W. Hill, II, Commerce Bank, N.A., Philadelphia. na na na www.mortgagedaily.com/Regulatory112608.asp
David S. Eisenberg, California National Bank, Los Angeles OCC na na Removal-and-prohibition orders were issued against these individuals/ entities. na na na www.mortgagedaily.com/Regulatory112608.asp
Madai Contreras, Los Angeles National Bank, Buena Park, Calif. OCC na na Removal-and-prohibition orders were issued against these individuals/ entities. na na na www.mortgagedaily.com/Regulatory112608.asp
Wendie J. Kirkpatrick, First National Bank of Omaha, Omaha, Neb. OCC na na Removal-and-prohibition orders were issued against these individuals/ entities. na na na www.mortgagedaily.com/Regulatory112608.asp
Loretta S. Flenar, JPMorgan Chase Bank, N.A., Columbus, Ohio OCC na na Removal-and-prohibition orders were issued against these individuals/ entities. na na na www.mortgagedaily.com/Regulatory112608.asp
Anthony Diamante, Commerce Bank, N.A., Philadelphia OCC na na Removal-and-prohibition orders were issued against these individuals/ entities. na na na www.mortgagedaily.com/Regulatory112608.asp
Wells Fargo Bank, N.A., Sioux Falls, S.D.). OCC na na Removal-and-prohibition orders were issued against these individuals/ entities. na na na www.mortgagedaily.com/Regulatory112608.asp
Countrywide Home Loans and Countrywide Mortgage Ventures North Carolina Commissioner of Banks State of North Carolina, Wake County $16,000,000 Countrywide Home Loans and Countrywide Mortgage Ventures agreed to issue refunds as part of a settlement announced with the North Carolina Office of the Commissioner of Banks. The settlement was the result of an examination started by the commissioner in 2007 that allegedly uncovered serious violations tied to permissible mortgage charges in the state. IN RE: Countrywide Home Loans Inc., and Countrywide Mortgage Ventures LLC Docket Nos. 08:170:MBB, 08:171:MBB. Oct. 31, 2008 (consent order) http://www.mortgagedaily.com/CountrywideNcOrders120408.asp
Southern Community Bancshares Inc. Federal Reserve Bank of Atlanta and Banking Commissioner of Georgia Board of Governors of the Federal Reserve System, Washington, D.C. na Southern Community Bancshares Inc. entered an agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia. The agreement calls for the conservation of capital, regulatory approval for any senior executive changes and ongoing reporting of activity. Written Agreement by and among Southern Community Bancshares Inc., Fayetteville, Georgia, Federal Reserve Bank of Atlanta, Atlanta, Georgia, and Banking Commissioner of the State of Georgia Docket No. 08-039-WA/RB-HC Nov. 12, 2008 www.mortgagedaily.com/Regulatory111908.asp
FirstBank Financial Services Inc. Federal Reserve Bank of Atlanta and Banking Commissioner of Georgia Board of Governors of the Federal Reserve System, Washington, D.C. na FirstBank Financial Services Inc. also entered an agreement with the Fed and Georgia's banking regulator. That agreement also calls for the conservation of capital and ongoing reporting. In addition, FirstBank is required to comply with laws and regulations. Written Agreement by and among FirstBank Financial Services Inc., McDonough, Georgia, Federal Reserve Bank of Atlanta, Atlanta, Georgia, and Banking Commissioner of the State of Georgia Docket No. 08-038-WA/RB-HC Nov. 12, 2008 www.mortgagedaily.com/Regulatory111908.asp
Dresdner Bank AG New York State Banking Dept. Board of Governors of the Federal Reserve System, Washington, D.C. na The New York State Banking Department issued a cease-and-desist order against Dresdner Bank AG of Germany and its New York branch. The action resulted from violations of the Bank Secrecy Act and anti-money laundering laws. In the Matter of Dresdner Bank AG, Frankfurt, Germany, Dresdner Bank AG, New York Branch, New York, New York Docket No. 08-031-B-FB, 08-031-B-FBR Nov. 7, 2008 www.mortgagedaily.com/Regulatory111908.asp
Vernon W. Hill, II OCC U.S. Department of the Treasury, Office of the Comptroller of the Currency $4 million to resolve all litigation A stipulation-and-consent order was issued by the Office of the Comptroller of the Currency against Vernon W. Hill II, former chairman and chief executive officer of Commerce Bank, N.A., in Philadelphia. OCC said it plans to initiate proceedings against Hill over his breaches of fiduciary duties that led to unsafe and unsound practices at Commerce. Hill allegedly entered real estate transactions on behalf of the bank where he personally benefited. In the Matter of Vernon W. Hill II, Former Chief Executive Officer and Chairman of the Board, Commerce bank, N.A., Philadelphia, Pennsylvania No. AA-EC-08-64 Nov. 14, 2008 www.mortgagedaily.com/Regulatory111908.asp
Paramount Bancorp Inc. Federal Reserve Bank of Chicago and Michigan Office of Financial and Insurance Regulation Board of Governors of the Federal Reserve System, Washington, D.C. na The Federal Reserve Board announced an agreement with Paramount Bancorp Inc. to improve management, clean up its books and conserve capital. Written Agreement by and among Paramount Bancorp Inc., Farmington Hills, Michigan, Paramount Bank, Farmington Hills, Michigan, Federal Reserve Bank of Chicago, Chicago, Illinois, and Michigan Office of Financial and Insurance Regulation, Lansing, Michigan.; Docket Nos. 08-033-WA/RB-HC and 08-033-WA/RB-SM Oct. 23, 2008 www.mortgagedaily.com/Mergers111108.asp
Currie Bancorporation Inc. Federal Reserve Bank of Minneapolis Board of Governors of the Federal Reserve System, Washington, D.C. na The Federal Reserve Board announced an agreement with Currie Bancorporation Inc. in Currie, Minn to improve management, clean up its books and conserve capital. Written Agreement by and between Currie Bancorporation Inc., Currie, Minnesota, and Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota. Docket No. 08-030-WA/RB-HC Oct. 31, 2008 www.mortgagedaily.com/Mergers111108.asp
CapitalSouth Bancorp Federal Reserve Board of Governors of the Federal Reserve System, Washington, D.C., and State of Alabama State Banking Department na The fed issued a cease-and-desist-order against CapitalSouth Bancorp in Birmingham, Ala. In the Matter of CapitalSouth Bancorp, Birmingham, Alabama, and CapitalSouth Bank, Birmingham, Alabama. Docket No.s 08-034-B-HC and 08-034-B-SM Nov. 4, 2008 www.mortgagedaily.com/Mergers111108.asp
Riverside Gulf Coast Banking Co. and Riverside Bank of the Gulf Coast Federal Reserve Bank of Atlanta and State of Florida Office of Finanical Regulation Board of Governors of the Federal Reserve System, Washington, D.C. na Riverside and a subsidiary entered a written agreement with the Federal Reserve Bank of Atlanta and the State of Florida Office of Financial Regulation that requires it to take steps to improve its board oversight of management; strengthen its credit risk management practices; and improve its capital position. Written Agreement by and among Riverside Gulf Coast Banking Company; Cape Coral, Florida, Riverside Bank of the Gulf Coast, Cape Coral Florida; Federal Reserve Bank of Atlanta, Atlanta, Georgia; and State of Florida Office of Financial Regulation, Tallahassee, Florida Docket No. 08-041-WA/RB-HC 08-041-WA/RBSM Oct. 28, 2008 www.mortgagedaily.com/Mergers111108.asp
Remo DuQuoin LLC, Privee LLC and Republic Federal Bancorp Inc. Federal Reserve Bank of Atlanta Board of Governors of the Federal Reserve System, Washington, D.C. na Three companies entered a written agreement with the Federal Reserve Bank of Atlanta calling for the conservation of capital and a subsequent report back to the board. Written Agreement by and among Remo DuQuoin LLC, Privee LLC and Republic Federal Bancorp Inc. and Federal Reserve Bank of Atlanta, Atlanta, Georgia Docket No. 08-00X-WA/RB-HC Oct. 22, 2008 www.mortgagedaily.com/Mergers110308.asp
State Holding Co. Federal Reserve Bank of Kansas City Board of Governors of the Federal Reserve System, Washington, D.C. na State Holding Co. entered an agreement with the Federal Reserve Bank of Kansas City to conserve capital. State Holding Company, Thermopolis, Wyoming, and Federal Reserve Bank of Kansas City, Kansas City, Missouri Docket No. 08-036-WA/RB-HC Oct. 15, 2008 www.mortgagedaily.com/Mergers110308.asp
Freedom Bank, Bradenton, Fla. FDIC na na The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. na na na www.mortgagedaily.com/Mergers110308.asp
BankCherokee, St. Paul, Minn. FDIC na na The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. na na na www.mortgagedaily.com/Mergers110308.asp
First Asian Bank, Las Vegas FDIC na na The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. na na na www.mortgagedaily.com/Mergers110308.asp
Citizens Community Bank, Ridgewood, N.J. FDIC na na The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. na na na www.mortgagedaily.com/Mergers110308.asp
America West Bank, Layton, Utah FDIC na na The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. na na na www.mortgagedaily.com/Mergers110308.asp
Lehman Brothers Commercial Bank, Salt Lake City FDIC na na The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. na na na www.mortgagedaily.com/Mergers110308.asp
Peoples Bank, Elkhorn, Wis. FDIC na na The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. na na na www.mortgagedaily.com/Mergers110308.asp
The Columbian Bank and Trust Company, Topeka, Kan.; FDIC na na The FDIC terminated a cease-and-desist order against the bank. na na na www.mortgagedaily.com/Mergers110308.asp
Richton Bank & Trust, Richton, Miss FDIC na na The FDIC terminated a cease-and-desist order against the bank. na na na www.mortgagedaily.com/Mergers110308.asp
Doral Bank, Catano, Puerto Rico FDIC na na The FDIC terminated a cease-and-desist order against the bank. na na na www.mortgagedaily.com/Mergers110308.asp
Amerika Samoa Bank, Pago Pago, American Samoa FDIC na na The FDIC issued a final removal-and-prohibition order against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
State Bank of Illinois, West Chicago, Ill FDIC na na The FDIC issued a final removal-and-prohibition order against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Burlington Bank and Trust, Burlington, Iowa FDIC na na The FDIC issued a final removal-and-prohibition order against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Maryland Financial Bank, Towson, Md. FDIC na na The FDIC issued a final removal-and-prohibition order against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Commercial Bank, St. Louis FDIC na na The FDIC issued a final removal-and-prohibition order against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Citizens Bank of Pennsylvania, Philadelphia FDIC na na The FDIC issued a final removal-and-prohibition order against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
North Fork Bank, Mattituck, N.Y. FDIC na na The FDIC issued a final removal-and-prohibition order against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
State Bank of Cross Plains, Cross Plains, Wis. FDIC na na The FDIC issued a final removal-and-prohibition order against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Union State Bank, Pell City, Ala. FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
The Mahopac National Bank, Mahopac, N.Y. FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Banco Popular North America, New York FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
The Bank of Commerce, Ammon, Idaho FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Iroquois Farmers State Bank, Iroquois, Ill. FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
The Security State Bank, Wellington, Kan. FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Independence Bank of Kentucky, Owensboro, Ky. FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Pacific Continental Bank, Eugene, Ore. FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Umpqua Bank, Roseburg, Ore. FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
TSB Bank, Lomira, Wis. FDIC na na A final order for civil money penalties was issued by the FDIC against this institution. na na na www.mortgagedaily.com/Mergers110308.asp
Alliance Bancshares California Federal Reserve Bank of San Francisco Board of Governors of the Federal Reserve System Washington, D.C. na Alliance Bancshares California has entered into an agreement with the Federal Reserve Bank of San Francisco to conserve capital, comply with laws and regulations and shore up operations. Written Agreement by and between Alliance Bancshares California, Culver City, California, and Federal Reserve Bank of San Francisco, San Francisco, California. Docket No. 08-040-WA/RB-HCcial Group Oct. 16, 2008 www.mortgagedaily.com/Mergers110308.asp
AmericasBank Federal Reserve Bank of Richmond and Maryland Division of Financial Regulation Board of Governors of the Federal Reserve System Washington, D.C. na AmericasBank entered into an agreement with the Federal Reserve Bank of Richmond and the Maryland Division of Financial Regulation to conserve capital and reduce credit risk. Written Agreement by and among AmericasBank, Towson, Maryland, Federal Reserve Bank of Richmond, Richmond, Va., and Maryland Division of Financial Regulation, Baltimore, Maryland. Docket No. 08-026-WA/RB-SMcial Group Oct. 16, 2008 www.mortgagedaily.com/Mergers102108.asp
Irwin Financial Corp. and Irwin Union Bank & Trust Co. Federal Reserve Bank of Chicago na na Irwin entered an agreement with the Federal Reserve Bank of Chicago to improve capital and liquidity and strengthen board oversight of management. The agreement also calls for a diversification of funding sources and pre-approval for any capital outlays -- including dividend payments. na na na www.mortgagedaily.com/mergers101408.asp
Bank of Tokyo-Mitsubishi UFJ Trust Co. FDIC na na A 2006 order issued over weaknesses in the bank's Bank Secrecy Act and Anti-Money Laundering compliance program was lifted by the Federal Deposit Insurance Corporation. na na na www.mortgagedaily.com/mergers101408.asp
Investment banking subsidiaries of Bank of America Corp. Securities and Exchange Commission na $4,700,000,000 Investment banking subsidiaries of Bank of America Corp. have agreed to a settlement with the Securities and Exchange Commission that would provide 5,500 individual investors, small businesses and small charities the opportunity to sell back to Bank of America up to $4.7 billion in auction rate securities. na na na www.mortgagedaily.com/mergers101408.asp
Parkway Bank, Rogers, Ariz. FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Mizrahi Tefahot Bank Ltd, Los Angeles FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Pan American Bank, Los Angeles FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
McClave State Bank, McClave, Colo. FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Strategic Capital Bank, Champaign, Ill. FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Chestatee State Bank, Dawsonville, Ga. FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Lake Community Bank, Long Lake, Minn. FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
The Home Savings and Loan Company, Youngstown, Ohio FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Libertad Bank, SSB, Austin, Texas FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Sallie Mae Bank, Murray, Utah FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Bank Reale, Pasco, Wash. FDIC na na The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. na na na www.mortgagedaily.com/Mergers100208.asp
Bank of the West, San Francisco FDIC na na A removal-and-prohibition order was issued by the FDIC against this insititution. na na na www.mortgagedaily.com/Mergers100208.asp
First State Bank of North Dakota, Arthur, N.D. FDIC na na A removal-and-prohibition order was issued by the FDIC against this insititution. na na na www.mortgagedaily.com/Mergers100208.asp
Branch Banking and Trust Company of South Carolina, Greenville, S.C. FDIC na na A removal-and-prohibition order was issued by the FDIC against this insititution. na na na www.mortgagedaily.com/Mergers100208.asp
Farmers State Bank, Center, Texas FDIC na na A removal-and-prohibition order was issued by the FDIC against this insititution. na na na www.mortgagedaily.com/Mergers100208.asp
Texas First State Bank, Riesel, Texas FDIC na na A removal-and-prohibition order was issued by the FDIC against this insititution. na na na www.mortgagedaily.com/Mergers100208.asp
Evabank, Eva, Ala. FDIC na na The FDIC issued a civil money penalty against this company. na na na www.mortgagedaily.com/Mergers100208.asp
Savings Bank of Mendocino County, Ukiah, Calif. FDIC na na The FDIC issued a civil money penalty against this company. na na na www.mortgagedaily.com/Mergers100208.asp
Lafayette Community Bank, Lafayette, Ind. FDIC na na The FDIC issued a civil money penalty against this company. na na na www.mortgagedaily.com/Mergers100208.asp
TriCentury Bank, Simpson, Kan. FDIC na na The FDIC issued a civil money penalty against this company. na na na www.mortgagedaily.com/Mergers100208.asp
Saco & Biddeford Savings Institution, Saco, Maine FDIC na na The FDIC issued a civil money penalty against this company. na na na www.mortgagedaily.com/Mergers100208.asp
Stoughton Co-operative Bank, Stoughton, Mass. FDIC na na The FDIC issued a civil money penalty against this company. na na na www.mortgagedaily.com/Mergers100208.asp
Cambridge State Bank,, Cambridge, Wis. FDIC na na The FDIC issued a civil money penalty against this company. na na na www.mortgagedaily.com/Mergers100208.asp
Morris Building and Loan, S.B., Morris, Ill. FDIC na na The FDIC terminated a cease-and-desist order against the bank. na na na www.mortgagedaily.com/Mergers100208.asp
State Bank & Trust Co., Harrodsburg, Ky. FDIC na na The FDIC terminated a cease-and-desist order against the bank. na na na www.mortgagedaily.com/Mergers100208.asp
First State Bank of Kensington, Kensington, Minn. FDIC na na The FDIC terminated a cease-and-desist order against the bank. na na na www.mortgagedaily.com/Mergers100208.asp
The Greene County Bank, Strafford, Mo. FDIC na na The FDIC terminated a cease-and-desist order against the bank. na na na www.mortgagedaily.com/Mergers100208.asp
Twin City Bank, Longview, Wash. FDIC na na The FDIC terminated a cease-and-desist order against the bank. na na na www.mortgagedaily.com/Mergers100208.asp
Vineyard National Bancorp Federal Reserve Bank of San Francisco na na An agreement with the Federal Reserve Bank of San Francisco calls for the bank to conserve capital and consult with the Fed before it makes any changes to its board or management. na na na www.mortgagedaily.com/Mergers100208.asp
Beazer Homes USA Inc. Securities and Exchange Commission na na The parent of Beazer Mortgage Corp. settled an SEC investigation and consented to a cease-and-desist order. na na na www.mortgagedaily.com/Mergers100208.asp
Fannie Mae U.S. Attorneys office Southern District of New York na A subpoena was issued by the U.S. Department of Justice seeking documents and the preservation. na na na www.mortgagedaily.com/Mergers100208.asp
Freddie Mac U.S. Attorneys office Southern District of New York na A subpoena was issued by the U.S. Department of Justice seeking documents and the preservation. na na na www.mortgagedaily.com/Mergers100208.asp
Community Bank, Blountsville, Ala. FDIC na na Removal-and-prohibition orders were issued by the FDIC against this bank. na na na www.mortgagedaily.com/Regulatory121508.asp
Columbus Bank and Trust Co., Columbus, Ga. FDIC na na Removal-and-prohibition orders were issued by the FDIC against this bank. na na na www.mortgagedaily.com/Regulatory121508.asp
Rockland Trust Co., Rockland, Mass. FDIC na na Removal-and-prohibition orders were issued by the FDIC against this bank. na na na www.mortgagedaily.com/Regulatory121508.asp
Merchants and Farmers Bank, Kosciusko, Miss. FDIC na na Removal-and-prohibition orders were issued by the FDIC against this bank. na na na www.mortgagedaily.com/Regulatory121508.asp
Bank of Nevada, Las Vegas FDIC na na Removal-and-prohibition orders were issued by the FDIC against this bank. na na na www.mortgagedaily.com/Regulatory121508.asp
Bank of Romney Federal Reserve na $2,750 Alleged violations of National Flood Insurance Act rules led to a Fed consent order of assessment. na na na www.mortgagedaily.com/Mergers100208.asp
John H. Lohmeier Federal Reserve Board na na A consent order of prohibition issued by the Federal Reserve Board against the former executive of Hinsbrook Bank & Trust in Oakbrook, Ill., was tied to allegations he used bank funds and non-public customer information from a bank computer server to start-up his own non-depository trust company. na na October 9, 2008 www.mortgagedaily.com/mergers101408.asp
Donald W. Linville Federal Reserve Board na na A consent order of prohibition issued against a former senior vice president at Compass Bank in Birmingham, Ala., by the Federal Reserve Board was based on alleged alterations of appraisals, loan applications and guaranty records -- which led to substantial bank losses na na na www.mortgagedaily.com/Mergers100208.asp
Premier Capital Lending Inc., Debra Stiles FTC Federal Trade Commission na An FTC settlement Premier Capital alleged it enabled a home seller to regularly use its credit bureau access without establishing procedures to ensure private data was protected. A computer hacker eventually gained unauthorized access to dozens of credit reports and pulled hundreds more. In the Matter of Premier Capital Lending, Inc., a corporation, and Debra Stiles, individually and as an officer of the corporation. FTC File No. 0723004 na www.mortgagedaily.com/PrivacyPremier110608.asp
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