Around 70 financial institutions recently faced orders by U.S. bank regulators — including one against Flagstar Bancorp.
The Federal Deposit Insurance Corporation issued a temporary cease-and-desist order (FDIC-09-724c&b) against Advanta Bank in Wilmington, Del., on Dec. 16, 2009.
A modification of order (#FDIC-09-061b) to cease and desist was issued by the FDIC against Premier American Bank in Miami on Dec. 9.
Bank failures are often preceded by cease-and-desist orders. The following such orders were issued by the FDIC.
| Company | Location | Regulator | Order/Docket No. | Date |
| 1st Financial Bank USA | Dakota Dunes, S.D. | FDIC | FDIC-09-307b, FDIC-09-309k | Dec. 30 |
| Bank of Franklin | Meadville, Miss. | FDIC | FDIC-09-562b | Dec. 8 |
| Banks of Wisconsin | Kenosha, Wis. | FDIC | FDIC-09-615b | Dec. 31 |
| Central Bank of Georgia | Ellaville, Ga. | FDIC | FDIC-09-128b | Dec. 3 |
| Central Pacific Bank | Honolulu | FDIC | FDIC-09-715b | Dec. 8 |
| Darby Bank & Trust Co. | Vidalia, Ga. | FDIC | FDIC-09-594b | Dec. 18 |
| Decatur First Bank | Decatur, Ga. | FDIC | FDIC-09-377b | Dec. 21 |
| Enterprise Banking Co. | McDonough, Ga. | FDIC | FDIC-09-462b | Dec. 21 |
| Fireside Bank | Pleasanton, Calif. | FDIC | FDIC-09-727b | Dec. 21 |
| First Bank | Wadley, Ala. | FDIC | FDIC-09-577b | Dec. 18 |
| Freedom Bank | Columbia Falls, Mont. | FDIC | FDIC-09-625b | Dec. 17 |
| Gateway Business Bank | Cerritos, Calif. | FDIC | FDIC-09-572b | Dec. 10 |
| Griffith Savings Bank | Griffith, Ind. | FDIC | FDIC-09-550b | Dec. 14 |
| Home Savings Bank | Salt Lake City | FDIC | FDIC-09-418b | Dec. 3 |
| LibertyBank | Eugene, Ore. | FDIC | FDIC-09-376b | Dec. 23 |
| Meramec Valley Bank | Valley Park, Mo. | FDIC | FDIC-09-474b | Dec. 3 |
| The Merchants & Farmers Bank | Melville, La. | FDIC | FDIC-09-367b | Dec. 22 |
| The People Bank | Winder, Ga. | FDIC | FDIC-09-590b | Dec. 16 |
| Peoples Bank of the South | Bude, Miss. | FDIC | FDIC-09-566b | Dec. 10 |
| Saehan Bank | Los Angeles | FDIC | FDIC-09-557b | Dec. 7 |
| Shoreline Bank | Shoreline, Wash. | FDIC | FDIC-09-736b | Dec. 29 |
| Sun West Bank | Las Vegas | FDIC | FDIC-09-665b | Dec. 17 |
| The State Bank | Fenton, Mich. | FDIC | FDIC-09-47 | Dec. 29 |
| Treasure State Bank | Missoula, Mont. | FDIC | FDIC-09-714b | Dec. 28 |
| Uniti Bank | Buena Park, Calif. | FDIC | FDIC-09-745b | Dec. 22 |
| WaterStone Bank, SSB | Wauwatosa, Wis. | FDIC | FDIC-09-509b | Dec. 18 |
| Wheatland Bank | Naperville, Ill. | FDIC | FDIC-09-308b | Dec. 21 |
Cease-and-desist orders were terminated by the FDIC against Uniti Bank in Buena Park, Calif.; Pacific Valley Bank in Salinas, Calif.; Georgian Bank in Atlanta; The Merchants & Farmers Bank in Melville, La.; Riverview Community Bank in Otsego, Minn.; and Wallis State Bank in Wallis, Texas.
When a bank regulator determines that a particular institution is showing signs of trouble, a formal agreement might be reached with that institution. The agreements often require improvements to lending operations, changes to management and regular progress reports. The Office of Thrift Supervision and the Federal Reserve Board announced that the following formal agreements were recently reached.
| Company | Location | Regulator | Order/Docket No. | Date |
| Bank of Virginia | Midlothian, Va. | Federal Reserve Bank of Richmond, Virginia Bureau of Financial Institutions | 09-206-WA/RB-SM | Jan. 14 |
| Community Financial Holding Company Inc. | Duluth, Ga. | Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia | 09-198-WA/RB-HC | Jan. 7 |
| Cornerstone Bancshares Inc., Cornerstone Bank | Overland Park, Kan. | Federal Reserve Bank of Kansas City, Kansas Office of the State Bank Commissioner | 09-0193-WA/RB-H, 09-0193-WA/RB-SM | Jan. 14 |
| Flagstar Bancorp Inc., Flagstar Bank | Troy, Mich. | OTS | na | disclosed Jan. 27 |
| Guaranty Bancorp, Guaranty Bank and Trust Co. | Denver | Federal Reserve Bank of Kansas City, Colorado Division of Banking | 09-177-WA/RB-HC, 09-177-WA/RB-SM | Jan. 22 |
| Northfield Bancshares Inc., Community Resource Bank | Northfield, Minn. | Federal Reserve Bank of Minneapolis | 09-0197-WA/RB-HC, 09-0197-WA/RB-SM | Jan. 21 |
| Palm Desert Investments | Palm Desert, Calif. | Federal Reserve Bank of San Francisco | 09-208-WA/RB-HC | Jan. 28 |
| Peoples Inc., Peoples Bank | Lawrence, Kan. | Federal Reserve Bank of Kansas City | 09-194-WA/RB-HC, 09-194-WA/RB-SM | Jan. 27 |
| Rising Sun Bancorp, NBRS Financial Bank | Rising Sun, Md. | Federal Reserve Bank of Richmond, Maryland Division of Financial Regulation | 10-015-WA/RB-HC, 10-015-WA/RB-SM | Jan. 28 |
| Riverside Banking Co. | Fort Pierce, Fla. | Federal Reserve Bank of Atlanta | 09-212-WA/RB-HC | Jan. 15 |
| Saehan Bancorp | Los Angeles | Federal Reserve Bank of San Francisco | 10-017-WA/RB-HC | Jan. 22 |
| Tamalpais Bancorp | San Rafael, Calif. | Federal Reserve Bank of San Francisco | 09-200-WA/RB-HC | Jan. 14 |
The FDIC reported that the following civil money penalties were issued.
| Company | Location | Regulator | Order/Docket No. | Amount | Date |
| 1st Financial Bank USA | Dakota Dunes, S.D. | FDIC | FDIC-09-307b; FDIC-09-309k | $140,000 | Dec. 30 |
| Citizens Bank and Trust Company of Chicago | Chicago | FDIC | FDIC-09-510k | $5,500 | Dec. 16 |
| Community FirstBank of Charleston | Charleston, S.C. | FDIC | FDIC-09-598k | $26,840 | Dec. 3 |
| First Enterprise Bank | Oklahoma City | FDIC | FDIC-09-677k | $3,150 | Dec. 21 |
| State Bank of Cold Spring | Cold Spring, Minn. | FDIC | FDIC-09-449k | $2,500 | Dec. 17 |
| The State Bank of Kansas | Fredonia, Kan. | FDIC | FDIC-09-319k | $25,000 | Dec. 18 |
| Wilson Bank and Trust against Joe Neal Vance | Lebanon, Tenn. | FDIC | FDIC-08-334k | $4,000 | Dec. 18 |
The following individuals have been prohibited from working at federally insured depository institutions as a result of removal-prohibition orders issued by the FDIC or the National Credit Union Administration.
| Individual | Employer | Location | Regulator | Order # | Date |
| Alexander, Brenda | TRICARE Federal Credit Union | Newark, N.J. | NCUA | na | na |
| Baker-Page, Gail | Columbus Bank and Trust Co. | Columbus, Ga. | FDIC | FDIC-09-224e | Dec. 7 |
| Boehm, Holly D. | Ohnward Bank & Trust | Cascade, Iowa | FDIC | FDIC-09-161e | Dec. 18 |
| Cross, Joe E. | West Union Bank | West Union, W.V. | FDIC | FDIC-09-237e | Dec. 18 |
| Hughes, Becky Joyce | Wiregrass Federal Credit Union | Dothan, Ala. | FDIC | na | na |
| Kaahanui, Charice | Leahi Federal Credit Union | Honolulu | NCUA | na | na |
| Kline ,Terri E. | The Mission Bank | Mission, Kan. | FDIC | FDIC-09-372e | Dec. 18 |
| Lemoine, Nancy B. | The Union Bank | Marksville, La. | FDIC | FDIC-08-122e | Dec. 18 |
| Long, Steven | Citizens Federal Credit Union | Midland, Texas | NCUA | na | na |
| Pennington, Steven | First Future Credit Union | San Diego | NCUA | na | na |
| Santana, Ana | TRICARE Federal Credit Union | Newark, N.J. | NCUA | na | na |
| Slootmaker, Henry L. | Peoples First Choice Federal Credit Union | Glen Rock, N.J. | NCUA | na | na |
| Smith, Crystal L. | Bluegrass Community Federal Credit Union | Ashland, Ky. | NCUA | na | na |
| Steffon, Jon J. | Citizens Bank of Pennsylvania | Philadelphia | FDIC | FDIC-09-260e | Dec. 18 |
| Vance, Joe Neal | Wilson Bank and Trust | Lebanon, Tenn. | FDIC | FDIC-08-333e | Dec. 18 |
| Vanterpool-Charles, Emily | St. Thomas Federal Credit Union | St. Thomas, US Virgin Islands | NCUA | na | na |
| Wing, Betty Lee | New England Lee Federal Credit Union | Boston | NCUA | na | na |
The FDIC issued prompt corrective actions against the banks listed below.
| Company / Individual | Location | Regulator | Order/Docket No. | Date |
| Columbia River Bank | The Dalles, Ore. | FDIC | FDIC-09-751PCAS | Dec. 23 |
| Horizon Bank | Bellingham, Wash. | FDIC | FDIC-09-678PCAS | Dec. 3 |
| USA Bank | Port Chester, N.Y. | FDIC | FDIC-09-708PCAS | Dec. 8 |
The FDIC said it issued notices of charges and a of hearings against Chula Vista, Calif.-based Balboa Thrift and Loan Association on Dec. 15 and against Advanta Bank in Wilmington, Del., on Dec. 16.
Trust Industrial Bank in Denver voluntarily terminated its FDIC insurance (order #FDIC-09-662p) on Dec. 1.
An order (#FDIC-09-494L) granting permission to file application and approving application for consent to participate in the affairs of any depository institution was issued by the FDIC for Susan L. Yedlicka on Dec. 8 and for James A. Smedley Jr. (order#FDIC-09-502L) on Dec. 18.
