Recent regulatory actions against U.S. financial institutions eased on a monthly basis but were still well above a year ago. Most of the latest activity was reported by the Federal Deposit Insurance Corporation, though the Federal Reserve processed a few actions itself.
During February, the FDIC processed 64 matters, fewer than 67 the prior month, a news release Friday said. In February 2009, 45 orders were processed.
Among last month’s FDIC orders were the following cease-and-desist orders. Failed financial institutions often face such orders prior to being seized by regulators.
| Company | Location | Regulator | Order/Docket No. | Date |
| American Enterprise Bank | Buffalo Grove, Ill. | FDIC | FDIC-09-660b | Feb. 24 |
| Bank of Coral Gables | Coral Gables, Fla. | FDIC | FDIC-09-690b | Feb. 11 |
| The Bank of Perry | Perry, Ga. | FDIC | FDIC-09-638b | Feb. 25 |
| Bank of Valdosta | Valdosta, Ga. | FDIC | FDIC-09-693b | Feb. 18 |
| Bay Bank | Theodore, Ala. | FDIC | FDIC-09-647b | Feb. 5 |
| Central Arizona Bank | Casa Grade, Ariz. | FDIC | FDIC-09-673b | Feb. 8 |
| CF Bancorp | Port Huron, Mich. | FDIC | FDIC-09-676b | Feb. 24 |
| Champion Bank | Parker, Colo. | FDIC | FDIC-09-749b | Feb. 24 |
| Citizens Bank of Northern California | Nevada City, Calif. | FDIC | FDIC-10-053b | Feb. 11 |
| Commerce Bank of Temecula Valley | Murrieta, Calif. | FDIC | FDIC-10-104b | Feb. 11 |
| Community Bank of Central Wisconsin | Colby, Wis. | FDIC | FDIC-09-748b | Feb. 16 |
| The Community’s Bank | Bridgeport, Conn. | FDIC | FDIC-09-744b | Feb. 17 |
| Community South Bank and Trust | Easley, S.C. | FDIC | FDIC-09-698b | Feb. 26 |
| Cornerstone Bank | Wilson, N.C. | FDIC | FDIC-09-71 | Feb. 11 |
| Elkhart Community Bank | Elkhart, Ind. | FDIC | FDIC-09-297b | Feb. 18 |
| Evansville Commerce Bank | Evansville, Ind. | FDIC | FDIC-09-692b | Feb. 18 |
| Fidelity Bank | Dearborn, Mich. | FDIC | FDIC-09-422b | Feb. 12 |
| Finance Factors, Limited | Honolulu | FDIC | FDIC-10-083b | Feb. 26 |
| First Central Savings Bank | Glen Cove, N.Y. | FDIC | FDIC-09-702b, FDIC-09-701k | Feb. 17 |
| Golden Coast Bank | Long Beach, Calif. | FDIC | FDIC-10-094b | Feb. 12 |
| Goshen Community Bank | Goshen, Ind. | FDIC | FDIC-09-296b | Feb. 24 |
| Haven Trust Bank Florida | Ponte Vedra Beach, Fla. | FDIC | FDIC-09-623b | Feb. 17 |
| Idaho First Bank | McCall, Idaho | FDIC | FDIC-09-630b | Feb. 10 |
| Lakeview Bank | Lakeville, Mich. | FDIC | FDIC-09-626b | Feb. 5 |
| Macatawa Bank | Holland, Mich. | FDIC | FDIC-09-705b | Feb. 22 |
| Mile High Banks | Longmont, Colo. | FDIC | FDIC-09-552b | Feb. 5 |
| Mohave State Bank | Lake Havasu City, Ariz. | FDIC | FDIC-10-033b | Feb. 8 |
| Mountain 1st Bank & Trust Co. | Hendersonville, N.C. | FDIC | FDIC-09-679b | Feb. 25 |
| New Century Bank | Chicago | FDIC | FDIC-09-348b | Feb. 19 |
| Peoples State Bank | Jeffersonville, Ga. | FDIC | FDIC-09-694b | Feb. 18 |
| Quoin Financial Bank | Miller, S.D. | FDIC | FDIC-10-027b | Feb. 26 |
| Sunrise Bank of Albuquerque | Albuquerque, N.M. | FDIC | FDIC-09-523b | Feb. 17 |
| Sunrise Bank of Atlanta | Atlanta | FDIC | FDIC-09-696b | Feb. 18 |
| Towne Bank of Arizona | Mesa, Ariz. | FDIC | FDIC-10-032b | Feb. 2 |
| Treaty Oak Bank | Austin, Texas | FDIC | FDIC-09-684b | Feb. 17 |
| The Village Bank | St. George, Utah | FDIC | FDIC-10-055b | Feb. 19 |
The FDIC announced it terminated cease-and-desist orders against Arrowhead Community Bank in Glendale, Ariz.; Mesa Bank in Mesa, Ariz.; Premier American Bank, Miami, Fla; Community Bank & Trust, Cornelia, Ga.; Nuestro Banco, Raleigh, N.C.; and Citizens Bank in New Tazewell, Tenn.
The Federal Reserve Board reported that formal agreements were recently reached with the following institutions. Formal agreements often required the impacted institution to conserve capital, sometimes make changes to management and improve underwriting standards and procedures.
| Company | Location | Regulator | Order/Docket No. | Date |
| Anchor Commercial Bank | Juno Beach, Fla. | Federal Reserve Bank of Atlanta, State of Florida, Office of Financial Regulation | 10-37-WA/RB-SM, OFR Administrative File No. 0719-FI-02/10 | March 16 |
| Coconut Grove Bank | Miami | Federal Reserve Bank of Atlanta, State of Florida, Office of Financial Regulation | 10-010-WA/RB-SM, OFR Administrative File No. 0720-FI-02/10 | March 17 |
| Granvalor Holding, Ltd., International Bancorp of Miami Inc. | Tortola, British Virgin Islands and Coral Gables, Fla. | Federal Reserve Bank of Atlanta | 10-004-WA/RB-HC | March 22 |
| Royal Bancshares of Pennsylvania Inc. | Narberth, Pa. | Federal Reserve Bank of Philadelphia | 10-022-WA/RB-HC | March 17 |
| United Security Bancshares Inc., United Security Bank | Fresno, Calif. | Federal Reserve Bank of San Francisco | 10-025-WA/RB-HC, 10-025-WA/RB-SM | March 23 |
Institutions that are listed in the following table faced FDIC final orders – civil money penalties last month.
| Company | Location | Regulator | Order/Docket No. | Amount | Date |
| Bank of the West [Formerly Commercial Federal Bank, Omaha, Nebraska] and Farmers Trust Savings Bank against Kenneth D. Waite | San Francisco; Earling, Iowa | FDIC | FDIC-09-396e, FDIC-09-397k | $40,000 | Feb. 17 |
| The Bank of the West | Thomas, Okla. | FDIC | FDIC-09-429k | $2,310 | Feb. 22 |
| The Black Earth State Bank | Black Earth, Wis. | FDIC | FDIC-09-499k | $2,500 | Feb. 4 |
| Christiana Bank & Trust Co. | Greenville, Del. | FDIC | FDIC-09-710k | 5,500 | Feb. 2 |
| Citizens State Bank | Jasper, Tenn. | FDIC | FDIC-09-669k | $2,000 | Feb. 22 |
| Community Bank | Raceland, La. | FDIC | FDIC-09-737k | 9,500 | Feb. 22 |
| Community State Bank | Saint Charles, Mich. | FDIC | FDIC-08-020k | $2,050 | Feb. 12 |
| Dakota County State Bank | South Sioux City, Neb. | FDIC | FDIC-09-756k | $1,500 | Feb. 5 |
| The Dime Bank | Honesdale, Pa. | FDIC | FDIC-10-056k | $3,000 | Feb. 22 |
| First Central Savings Bank | Glen Cove, N.Y. | FDIC | FDIC-09-702b; FDIC-09-701k | $100,000 | Feb. 17 |
| First & Peoples Bank | Russell, Ky. | FDIC | FDIC-09-459k | $3,450 | Feb. 11 |
| S&T Bank | Indiana, Pa. | FDIC | FDIC-10-050k | $32,640 | Feb. 22 |
| USA Bank against Louis G. Cornacchia | Port Chester, N.Y. | FDIC | FDIC-08-076k | $500 | Feb. 2 |
Removal-and-prohibition orders were issued against the following individuals by the FDIC.
| Employer | Individual | Location | Regulator | Order # | Date |
| Bank of Alameda | Sou, Sokvoeun | Alameda, Calif. | FDIC | FDIC-09-334e | Feb. 25 |
| Bank of the West [Formerly Commercial Federal Bank, Omaha, Nebraska] and Farmers Trust Savings Bank | Waite, Kenneth D. | San Francisco; Earling, Iowa | FDIC | FDIC-09-396e, FDIC-09-397k | Feb. 17 |
| Community Bank-Wheaton/Glen Ellyn | Flanagan, Heidi W. | Glenn Ellyn, Ill. | FDIC | FDIC-06-113e | Feb. 17 |
The FDICÂ reported that the following institutions faced final orders-prompt corrective actions.
| Company | Location | Regulator | Order/Docket No. | Date |
| AmericanFirst Bank | Clermont, Fla. | FDIC | FDIC-10-071PCAS | Feb. 5 |
| AmericanWest Bank | Spokane, Wash. | FDIC | FDIC-10-148PCAS | Feb. 24 |
| High Desert State Bank | Albuquerque, N.M. | FDIC | FDIC-10-017PCAS | Feb. 3 |
| Tamalpais Bank | San Rafael, Calif. | FDIC | FDIC-10-134PCAS | Feb. 19 |
| Ventura County Business Bank | Oxnard, Calif. | FDIC | FDIC-10-092PCAS | Feb. 5 |
A notice of intention to prohibit from further participation, notice of assessment of civil money penalties, findings of fact, conclusions of law, order to pay and notice of hearing were issued against Miami Valley Bank in Lakeview, Ohio. (orders No. FDIC-09-545e and FDIC-09-547k issued on Feb. 26)
