Regulatory actions by the Federal Deposit Insurance Corporation against banks and thrifts jumped more than a third on a monthly basis and have more than doubled on a year-over-year basis.
The FDIC processed 104 matters during March, leaping from just 64 in February and ballooning from 42 in March 2009, data reported last week indicated. March’s activity included 42 cease-and-desist orders, 22 civil money penalties, 20 removal-and-prohibition orders and eight prompt corrective actions.
The latest month also included 42 FDIC cease-and-desist orders — which bank failures are often preceded by. Recent cease-and-desist orders by the FDIC and the Federal Reserve are listed below.
Cease-and-Desist Orders
| Company | Location | Regulator | Order/Docket No. | Date |
| 1st Commerce Bank | North Las Vegas, Nev. | FDIC | FDIC-09-703b | March 15 |
| 1st Regents Bank | Andover, Minn. | FDIC | FDIC-09-743b | March 24 |
| Albina Community Bank | Portland, Ore. | FDIC | FDIC-10-103b | March 2 |
| All American Bank | Des Plaines, Ill. | FDIC | FDIC-09-551b | March 13 |
| American State Bank | Tulsa, Okla. | FDIC | FDIC-09-755b | March 16 |
| Bank of Idaho | Idaho Falls, Idaho | FDIC | FDIC-10-072b | March 3 |
| Bank of Las Vegas | Las Vegas | FDIC | FDIC-09-716b | March 15 |
| Bank of Newington | Newington, Ga. | FDIC | FDIC-09-742b | March 12 |
| Beach Community Bank | Fort Walton Beach, Fla. | FDIC | FDIC-09-492b | March 16 |
| Brickyard Bank | Lincolnwood, Ill. | FDIC | FDIC-09-347b | March 22 |
| California Business Bank | Los Angeles | FDIC | FDIC-09-757b | March 22 |
| Centennial Bank | Fountain Valley, Calif. | FDIC | FDIC-09-631b | March 2 |
| Excel Bank | Sedalia, Mo. | FDIC | FDIC-10-021b | March 16 |
| First Carolina State Bank | Rocky Mount, N.C. | FDIC | FDIC-09-706b | March 4 |
| First International Bank | Plano, Texas | FDIC | FDIC-10-003b | March 23 |
| First Peoples Bank | Port St. Lucie, Fla. | FDIC | FDIC-09-717b | March 18 |
| First Personal Bank | Orland Park, Ill. | FDIC | FDIC-09-680b | March 30 |
| First Sound Bank | Seattle | FDIC | FDIC-10-002b | March 4 |
| Firstier Bank | Kimball, Neb. | FDIC | FDIC-10-041b | March 17 |
| Front Range Bank | Lakewood, Colo. | FDIC | FDIC-10-054b | March 23 |
| Heritage Oaks Bank | Paso Robles, Calif. | FDIC | FDIC-10-004b | March 4 |
| Innovative Bank | Oakland, Calif. | FDIC | FDIC-10-111b | March 25 |
| Kinderhook State Bank | Kinderhook, Ill. | FDIC | FDIC-10-015b | March 30 |
| Minnwest Bank Metro | Eagan, Minn. | FDIC | FDIC-09-633b | March 16 |
| Northwest Bank & Trust | Acworth, Ga. | FDIC | FDIC-09-685b | March 3 |
| One Georgia Bank | Atlanta | FDIC | FDIC-09-741b | March 23 |
| Pacific West Bank | West Linn, Ore. | FDIC | FDIC-09-747b | March 31 |
| PB Financial Group Inc., Premier Bank | Denver | Federal Reserve Board, Colorado Division of Banking | 09-205-B-HC, 09-205-B-SM | April 19 |
| The Peoples State Bank | Ellettsville, Ind. | FDIC | FDIC-10-013b | March 25 |
| Pinehurst Bank | Saint Paul, Minn. | FDIC | FDIC-10-020b | March 24 |
| Plaza Bank | Seattle | FDIC | FDIC-09-683b | March 17 |
| Preferred Bank | Los Angeles | FDIC | FDIC-10-175b | March 22 |
| Ridgestone Bank | Brookfield, Wis. | FDIC | FDIC-09-700b | March 29 |
| Security State Bank of Kenyon | Kenyon, Minn. | FDIC | FDIC-10-022b | March 25 |
| ShoreBank | Chicago | FDIC | FDIC-09-074b | March 22 |
| ShoreBank Pacific | Ilwaco, Wash. | FDIC | FDIC-09-513b | March 10 |
| Slovak Savings Bank | Pittsburgh | FDIC | FDIC-10-066b | March 17 |
| SouthShore Community Bank | Apollo Beach, Fla. | FDIC | FDIC-09-672b | March 4 |
| SouthwestUSA Bank | Las Vegas | FDIC | FDIC-10-140b | March 3 |
| Sunrise Bank of Atlanta | Atlanta | FDIC | FDIC-09-728b | March 3 |
| Texas Country Bank | Lakeway, Texas | FDIC | FDIC-10-036b | March 16 |
| Town & Country Bank | Las Vegas | FDIC | FDIC-09-563b | March 3 |
The FDIC announced terminations of cease-and-desist orders against 1st American State Bank of Minnesota, American State Bank, Bank of Leeton, New Resource Bank, St. Stephen State Bank and University Bank.
An adjudicated decision was entered on March 16 for a cease-and-desist order against Bank 1st in Albuquerque, N.M.
The Federal Reserve Board reported that formal agreements were recently reached with the following institutions. Formal agreements often require the impacted institutions to conserve capital and sometimes require management changes as well as improvements underwriting standards and procedures.
Formal Agreements
| Company | Location | Regulator | Order/Docket No. | Date |
| Ameri-National Corp. | Overland Park, Kan. | Federal Reserve Bank of Kansas City | 10- 054-WA/RB-HC | April 14 |
| The Bank of Currituck | Moyock, N.C. | Federal Reserve Bank of Richmond | 10-046-WA/RB-SM | April 19 |
| Coast Bancorp | San Luis Obispo, Calif. | Federal Reserve Bank of San Francisco | 10-061 -WA/RB-HC | April 22 |
| East Dubuque Bancshares Inc, East Dubuque Savings Bank | East Dubuque, Ill. | Federal Reserve Bank of Chicago | 10-041-WA/RB-HC 10-041-WA/RB-SM | April 19 |
| First National Financial Services Inc. | Elk River, Minn. | Federal Reserve Bank of Minneapolis | 10-029-WA/RB-HCC | April 12 |
| FMB Equibanc Inc. | Statesboro, Ga. | Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia | 10- 069-WA/RB-HC | April 23 |
| Kappa Alpha Psi Federal Credit Union | Dallas | NCUA | na | April 20 |
| Lake County Bank | Saint Ignatius, Mont. | Federal Reserve Bank of Minneapolis, Montana Division of Banking and Financial Institutions | 10-042-WA/RB-SMC | April 23 |
| Legacy Bancorp Inc., Legacy Bank | Milwaukee | Federal Reserve Bank of Chicago, State of Wisconsin Department of Financial Institutions | 10-053-WA/RB-HC, 10-053-WA/RB-SM | April 27 |
| Liberty Financial Group Inc. | Eugene, Ore. | Federal Reserve Bank of San Francisco, Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities | 10- 045-WA/RB-HC | April 19 |
| The Northwestern Bank | Chippewa Falls, Wis. | Federal Reserve Bank of Minneapolis, and the State of Wisconsin Department of Financial Institutions | 09-211-WA/RB-SM | April 27 |
| Paradise Bank | Boca Raton, Fla. | Federal Reserve Bank of Atlanta, State of Florida Office of Financial Regulation | 10-059-WA/RB-SM, OFR Proceeding No. 0733-FI-03/10 | April 16 |
| Sun West Capital Corp. | Las Vegas | Federal Reserve Bank of San Francisco | 10-074-WA/RB-HCC | April 22 |
| Tower Financial Corp., Tower Bank & Trust Co. | Fort Wayne, Ind. | Federal Reserve Bank of Chicago, and the Indiana Department of Financial Institutions | 10-051-WA/RB-HC, 10-051-WA/RB-SM | April 23 |
| Tremont Credit Union | Braintree, Mass. | NCUA, Commonwealth of Massachusetts Division of Banks | na | April 30 |
Civil money penalties were levied by the FDIC against the following institutions or, if noted, individuals.
Civil Money Penalties
| Company | Individual | Location | Regulator | Order/Docket No. | Amount | Date |
| Advantage Bank | na | Spencer, Okla. | FDIC | FDIC-10-153k | $4,000 | March 29 |
| Bank of Coweta | na | Newnan, Ga. | FDIC | FDIC-10-100k | $5,720 | March 15 |
| Bank of Monticello | na | Monticello, Ga. | FDIC | FDIC-10-030k | $4,000 | March 15 |
| Bank of Ontario | James P. DelMedico | Ontario, Wis. | FDIC | FDIC-09-412k | $10,000 | March 16 |
| The Benton State Bank | na | Benton, Wis. | FDIC | FDIC-08-303k | $1,300 | March 5 |
| Catahoula-LaSalle Bank | na | Jonesville, La. | FDIC | FDIC-10-138k | $6,000 | March 17 |
| Charter Bank Eau Claire | na | Eau Claire, Wis. | FDIC | FDIC-10-044k | $12,700 | March 25 |
| Citizens Bank of Lafayette | na | Lafayette, Tenn. | FDIC | FDIC-10-048k | $8,005 | March 8 |
| Citizens Community Bank | na | Hahira, Ga. | FDIC | FDIC-10-128k | $7,315 | March 16 |
| Colonial Co-operative Bank | na | Gardner, Mass. | FDIC | FDIC-10-061k | $2,500 | March 15 |
| Community State Bank | Andrew George Miller | Austin, Texas | FDIC | FDIC-09-650k | $10,000 | March 9 |
| Eurobank | na | San Juan, P.R. | FDIC, Financial Crimes Enforcement Network | FDIC-10-193k | $25,000 | April 22 |
| The Harrison Deposit Bank and Trust Co. | na | Cynthiana, Ky. | FDIC | FDIC-10-101k | $800 | March 19 |
| Highland Community Bank | na | Chicago | FDIC | FDIC-09-424k | $5,000 | March 5 |
| Hume Bank | na | Hume, Mo. | FDIC | FDIC-08-207k | $10,000 | March 16 |
| Iowa State Bank | na | Des Moines, Iowa | FDIC | FDIC-10-057k | $2,270 | March 26 |
| Marlborough Savings Bank | na | Marlborough, Mass. | FDIC | FDIC-10-109k | $4,000 | March 22 |
| Marquette Savings Bank | na | Erie, Pa. | FDIC | FDIC-10-154k | $3,500 | March 30 |
| New Millennium Bank | na | New Brunswick, N.J. | FDIC | FDIC-10-059k | $2,500 | March 24 |
| New Resource Bank | Stephen R. Jones | San Francisco | FDIC | FDIC-09-477k | $8,500 | March 10 |
| North Penn Bank | na | Scranton, Pa. | FDIC | FDIC-10-039k | $4,000 | March 4 |
| Peoples Bank of the South | na | South, La Follette, Tenn. | FDIC | FDIC-10-123k | $8,000 | March 25 |
| State Street Bank and Trust Co. | na | Quincy, Ill. | FDIC | FDIC-09-461k | $2,950 | March 8 |
FDIC removal-and-prohibition orders were issued against the following individuals.
Removal / Prohibition Orders
| Employer | Individual | Location | Regulator | Order # | Date |
| Bank of Ontario | James P. DelMedico | Ontario, Wis. | FDIC | FDIC-09-410e | March 16 |
| BankCherokee | Tony J. Bianchi | St. Paul, Minn. | FDIC | FDIC-090-407e | March 16 |
| Branch Banking and Trust Co. | Janet V. Smith | Winston-Salem, N.C. | FDIC | FDIC-09-298e | March 9 |
| The Carver State Bank | Lillie B. Waring | Savannah, Ga. | FDIC | FDIC-09-047e | March 9 |
| CB&T Bank of Middle Georgia | Kandace James | Warner Robins, Ga. | FDIC | FDIC-08-246e | March 31 |
| The Cooperative Bank | Paul M. Ladouceur | Roslindale, Mass. | FDIC | FDIC-09-518e | March 3 |
| Cornerstone Community Bank | Misty Smith | Chattanooga, Tenn. | FDIC | FDIC-08-316e | March 9 |
| Empire Bank | Jamie W. Schmidt | Springfield, Mo. | FDIC | FDIC-09-610e | March 16 |
| EuroBank | Rosa Calo Calo | San Juan, P.R. | FDIC | FDIC-09-571e | March 31 |
| First Bank of the Lake | Steven S. Schmidt | Osage Beach, Mo. | FDIC | FDIC-09-119e | March 10 |
| Great Western Bank | Karla J. Rose | Watertown, S.D. | FDIC | FDIC-09-541e | March 10 |
| The Harbor Bank of Maryland | David M. Terrance | Baltimore | FDIC | FDIC-09-606e | March 9 |
| Herrin Security Bank | Dwayne Denison | Herrin, Ill. | FDIC | FDIC-09-299e | March 10 |
| Hume Bank | Jeffrey E. Thompson | Hume, Mo. | FDIC | FDIC-08-206e | March 16 |
| KleinBank | Gregory G. Meyer | Big Lake, Minn. | FDIC | FDIC-09-644e | March 10 |
| New Resource Bank | Stephen R. Jones | San Francisco | FDIC | FDIC-09-476e | March 10 |
| ONB Bank and Trust Co. | Scott M. Wright | Tulsa, Okla. | FDIC | FDIC-09-104e | March 9 |
| The Peoples Bank | Rebecca Dawn Long | Ewing, Va. | FDIC | FDIC-09-152e | March 9 |
| Synergy Bank | Melissa F. Lajuanie | Houma, La. | FDIC | FDIC-09-320e | March 9 |
| Texas State Bank | Mindy L. Joubert | Joaquin, Texas | FDIC | FDIC-09-469e | March10 |
The FDICÂ reported that the following institutions faced final orders-prompt corrective actions.
Final Orders – Prompt Corrective Actions
| Company | Location | Regulator | Order/Docket No. | Date |
| Bank of Florida-Southeast | Fort Lauderdale, Fla. | FDIC | FDIC-10-159PCAS | March 18 |
| Bank of Florida-Southwest | Naples, Fla. | FDIC | FDIC-10-160PCAS | March 18 |
| Bank of Florida-Tampa Bay | Tampa, Fla. | FDIC | FDIC-10-161PCAS | March 18 |
| City Bank | Lynnwood, Wash. | FDIC | FDIC-10-183PCAS | March 10 |
| Desert Hills Bank | Phoenix | FDIC | FDIC-10-172PCAS | March 9 |
| Frontier Bank | Everett, Wash. | FDIC | FDIC-10-198PCAS | March 16 |
| Nevada Security Bank | Reno, Nev. | FDIC | FDIC-10-194PCAS | March 11 |
| Sun West Bank | Las Vegas | FDIC | FDIC-10-196PCAS | March 12 |
Termination of FDIC insurance was reported for Sandy, Utah-based HealthBenefit Bank on March 19 (FDIC-10-118p) and Advanta Bank (FDIC-09-752p), Wilmington, Del., on March 9. Advanta additionally faced a Notice of Assessment of Liability, Findings of Fact and Conclusions of Law, Order to Immediately Pay Liability, and Notice of Hearing on March 19 (No. FDIC-10-049KK).
