Monthly regulatory activity eased at the Federal Deposit Insurance Corporation. Including matters at other federal banking regulators, however, more than a hundred actions have been announced during the past month against financial institutions.
After jumping to 104 during March, the number of matters processed by the FDIC fell to 76 in April. But activity was lower a year ago at 57 actions.
All the activity helps identify troubled institutions, including some that will fail.
Cease-and-desist orders — which often preceed bank failures — accounted for 43 of the FDIC’s matters in April. The companies listed below were recently hit with FDIC cease-and-desist orders.
Company | Location | Regulator | Order/Docket No. | Date |
Arcola Homestead Savings Bank | Arcola, Ill. | FDIC | FDIC-10-167b | April 22 |
Bank of Alpena | Alpena, Mich. | FDIC | FDIC-10-014b | April 19 |
The Bank of Elk River | Elk River, Minn. | FDIC | FDIC-10-028b | April 5 |
Bank of the Northwest | Bellevue, Wash. | FDIC | FDIC-09-712b | April 2 |
Bartow County Bank | Cartersville, Ga. | FDIC | FDIC-09-707b | April 14 |
Cambridge State Bank | Cambridge, Minn. | FDIC | FDIC-10-132b | April 29 |
Carolina First Bank | Greenville, S.C. | FDIC | FDIC-10-121b | April 30 |
CIBM Bank | Champaign, Ill. | FDIC | FDIC-10-062b | April 29 |
Citizens Bank & Trust Co. | Chillicothe, Mo. | FDIC | FDIC-10-080b | April 14 |
Citizens State Bank | Kingsland, Ga. | FDIC | FDIC-10-007b | April 14 |
Community Commerce Bank | Claremont, Calif. | FDIC | FDIC-10-093b | April 21 |
Cornerstone Community Bank | Chattanooga, Tenn. | FDIC | FDIC-10-037b | April 2 |
Cortez Community Bank | Brooksville, Fla. | FDIC | FDIC-09-646b | April 6 |
Covenant Bank & Trust | Rock Spring, Ga. | FDIC | FDIC-10-024b | April 28 |
Earthstar Bank | Southhampton, Pa. | FDIC | FDIC-08-080b | April 29 |
First Asian Bank | Las Vegas | FDIC | FDIC-10-220b | April 12 |
First Community Bank | Hammond, La. | FDIC | FDIC-10-119b | April 15 |
First Heritage Ban | Snohomish, Wash. | FDIC | FDIC-10-252b | April 26 |
First Southwest Bank | Alamosa, Colo. | FDIC | FDIC-10-179b | April 6 |
First State Bank | Wrens, Ga. | FDIC | FDIC-10-122b | April 28 |
Great Florida Bank | Coral Gables, Fla. | FDIC | FDIC-10-095b | April 13 |
The Harbor Bank of Maryland | Baltimore | FDIC | FDIC-10-051b | April 5 |
Heritage Community Bank | Greeneville, Tenn. | FDIC | FDIC-10-145b | April 21 |
Highland Bank | Saint Michael, Minn. | FDIC | FDIC-10-029b | April 14 |
Holladay Bank & Trust | Salt Lake City | FDIC | FDIC-10-070b | April 8 |
Magyar Bank | New Brunswick, N.J. | FDIC | FDIC-10-067b | April 22 |
Metro Bank | Lemoyne, Pa. | FDIC | FDIC-10-137b | April 29 |
Michigan Commerce Bank | Ann Arbor, Mich. | FDIC | FDIC-09-713b | April 5 |
Norstates Bank | Waukegan, Ill. | FDIC | FDIC-10-116b | April 16 |
North Alabama Bank | Hazel Green, Ala. | FDIC | FDIC-09-731b | April 26 |
OptimumBank | Plantation, Fla. | FDIC | FDIC-09-721b | April 16 |
Pan Pacific Bank | Fremont, Calif. | FDIC | FDIC-10-098b | April 22 |
Park Cities Bank | Dallas | FDIC | FDIC-10-081b | April 15 |
PBK Bank Inc. | Stanford, Ky. | FDIC | FDIC-10-147b | April 19 |
Pinnacle Bank | Rogers, Ark. | FDIC | FDIC-10-169b | April 9 |
PremierWest Bank | Medford, Ore. | FDIC | FDIC-10-105b | April 6 |
Roxbury Bank | Roxbury, Kan. | FDIC | FDIC-09-207b | April 29 |
South Carolina Community Bank | Columbia, S.C. | FDIC | FDIC-10-108b | April 28 |
Sunrise Bank | San Diego | FDIC | FDIC-09-732b | April 20 |
TNBank | Oak Ridge, Tenn. | FDIC | FDIC-09-596b | April 21 |
Valley Community Bank | St. Charles, Ill. | FDIC | FDIC-09-214b | April 29 |
Washita State Bank | Burns Flat, Okla. | FDIC | FDIC-09-070b | April 5 |
Waukegan Savings Bank | Waukegan, Ill. | FDIC | FDIC-10-144b | April 19 |
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.
Company | Location | Regulator | Order/Docket No. | Date |
Albina Community Bancorp | Portland, Ore. | Federal Reserve Bank of San Francisco; Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities | 10-080-WA/RB-HC | May 17 |
AliKat Investments Inc., Northside Community Bank | Gurnee, Ill. | Federal Reserve Bank of Chicago, Illinois Department of Financial and Professional Regulation, Division of Banking | 10-011-WA/RB-HC, 10-011-WA/RB-SM | April 26 |
Advantage Bancorp Inc. | Loveland, Colo. | Federal Reserve Bank of Kansas City | 10-062-WA/RB-HC | April 29 |
Bank of Commerce Holdings Inc. | Sarasota, Fla. | Federal Reserve Bank of Atlanta | 10- 063-WA/RB-HC | April 23 |
Bank of Little Rock | Little Rock, Ark. | Federal Reserve Bank of Saint Louis | 10-093-WA/RB-SM | May 18 |
Bartow Bancshares Inc | Cartersville, Ga. | Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia | 10-092-WA/RB-HC | May 21 |
Big Sandy Holding Co. | Limon, Colo. | Federal Reserve Bank of Kansas City | 10-056–WA/RB-HC | May 20 |
Border Bancshares Inc. | Greenbush, Minn. | Federal Reserve Bank of Minneapolis | 10-087-WA/RB-HC | May 27 |
CB Financial Corp. | Wilson, N.C. | Federal Reserve Bank of Richmond | 10-091-WA/RB-HC | May 25 |
Cherokee Banking Co. | Canton, Ga. | Federal Reserve Bank of Atlanta | 10-082-WA/RB-HC | May 6 |
Citizens Commerce Bancshares Inc. | Versailles, Ky. | Federal Reserve Bank of Cleveland | 10-107-WA/RB-HC | May 28 |
Cowboy State Bank | Ranchester, Wyo. | Federal Reserve Bank of Kansas City, Wyoming Department of Audit, Division of Banking | 10-043-WA/RB-SM | May 6 |
Cowlitz Bancorporation | Longview, Wash. | Federal Reserve Bank of San Francisco | 10- 099-WA/RB-HC | June 2 |
DBT Holding Co. | Vidalia, Ga. | Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia | 10-071-WA/RB-HC | May 6 |
Farmers Bancorporation Inc. | Buhl, Idaho | Federal Reserve Bank of San Francisco | 10-065-WA/RB-HC | April 28 |
First Baldwin Bancshares Inc. | Foley, Ala. | Federal Reserve Bank of Atlanta | 10-048-WA/RB-HC | May 24 |
First Bancorp | San Juan, Puerto Rico | Federal Reserve Bank of New York | 121-WA/RB-HC | June 3 |
First Bankshares Inc. | Winter Park, Fla. | Federal Reserve Bank of Atlanta | 10-081-WA/RB-HC | May 21 |
FirstBank Puerto Rico | San Juan, P.R. | FDIC | na | announced June 4 |
FirsTier II Bancorp | Cheyenne, Wyo. | Federal Reserve Bank of Kansas City | 10-067-WA/RB-HC | May 12 |
Gulf State Bancorp | Carrabelle, Fla. | Federal Reserve Bank of Atlanta | 10-086- -WA/RB-HC | May 6 |
HNB Corp. | Arkansas City, Kan. | Federal Reserve Bank of Kansas City | 10-052–WA/RB-HC | May 2 |
Integra Bank Corp. | Evansville, Ind. | Federal Reserve Bank of St. Louis | 10-083-WA/RB-HC | May 6 |
NCB Financial | Las Vegas | Federal Reserve Bank of San Francisco | 10-049-WA/RB-HC | May 3 |
Northeast Securities Corp. | Minneapolis | Federal Reserve Bank of Minneapolis | 10-077-WA/RB-HC | May 24 |
North Valley Bank | Zanesville, Ohio | Federal Reserve Bank of Cleveland, Ohio Division of Financial Institutions | 10-032-WA/RB-SMB | May 4 |
Pacific Capital Bancorp | Santa Barbara, Calif. | Federal Reserve Bank of San Francisco | 10-094-WA/RB-HC | May 11 |
The South Financial Group | Greenville, S.C. | Federal Reserve Bank of Richmond | 10-058-WA/RB-HC | May 4 |
Trivoli Bancorp Inc. | Trivoli, Ill. | Federal Reserve Bank of Chicago | 10-019 -WA/RB-HC | April 30 |
Volunteer Bancorp Inc. | Rogersville, Tenn. | Federal Reserve Bank of Atlanta | 10-098-WA/RB-HC | May 25 |
Removal-and-prohibition orders were issued by the FDIC, Federal Reserve Board and National Credit Union Administration against the following individuals.
Employer | Individual | Location | Regulator | Order # | Date |
BankPlus | Jennifer Wigley | Belzoni, Miss. | FDIC | FDIC-09-575e | April 27 |
BankPlus | Jenny Marie Smith | Belzoni, Miss. | FDIC | FDIC-09-151e | April 13 |
Firstbank – West Michigan | Shane Husted | Ionia, Mich. | FDIC | FDIC-09-416e | April 27 |
Health Facilities Federal Credit Union | McLamb, Christine | Florence, S.C. | NCUA | 10-0006-R3 | March |
Heritage Bank | Gregory L. Fankhauser | Topeka, Kan. | Fed | 10-110-E-1 | June 3 |
Magnolia Federal Credit Union | Mia Frances Chaney | Jackson, Miss. | NCUA | 10-0005-R3 | Feb. 19 |
Meriden Franco-American Federal Credit Union | Laliberte, Melissa | Meriden, Conn. | NCUA | 10-0004-R1 | April 2 |
Nova Bank | Craig J. Scher | Berwyn, Pa. | FDIC | FDIC-07-224e | April 22 |
Optumhealth Bank Inc. | Andrew E Hayford | Salt Lake City | FDIC | FDIC-10-162e | April 22 |
Pen Air Federal Credit Union | Jason Rene Kisor | Pensacola, Fla. | NCUA | 10-0007-R3 | March 11 |
Peoples 1st Choice Federal Credit Union | Jolene Constantine | Glen Rock, N.J. | NCUA | 10-0013-R2 | March 11 |
Pioneer Credit Union | Law, Tammy | Mountain Home, Idaho | NCUA | 10-0008-R5 | March 11 |
Rockland Employees Federal Credit Union | Cynthia Vaughan | Spring Valley, N.Y. | NCUA | 10-0011 R1 | April 21 |
Skandinaviska Enskilda Banken | Walter Simon | New York | Fed | 10-108-E-1 | May 20 |
The FDICÂ reported that the following institutions faced final orders.
Company | Location | Regulator | Order/Docket No. | Date |
Adams Dairy Bank | Blue Springs, Mo. | FDIC | FDIC-10-201kk | April 22 |
Bank of Belleville | Belleville, Ill. | FDIC | FDIC-10-205kk | April 22 |
Community Bank of Rowan | Salisbury, N.C. | FDIC | FDIC-10-069kk | April 12 |
Napa Community Bank | Napa, Calif. | FDIC | FDIC-10-204kk | April 22 |
Final Orders – Civil Money Penalties
Company | Location | Regulator | Order/Docket No. | Amount | Date |
Bank of Kampsville | Kampsville, Ill. | FDIC | FDIC-10-187k | $5,500 | April 13 |
Bonanza Valley State Bank | Brooten, Minn. | FDIC | FDIC-10-112k | $2,500 | April 16 |
Kingsley State Bank | Kingsley, Iowa | FDIC | FDIC-10-127k | $4,000 | April 13 |
State Bank of Speer | Speer, Ill. | FDIC | FDIC-09-583k | $5,005 | April 30 |
Summit Bank | Burlington, Wa. | FDIC | FDIC-10-244k | $11,280 | April 14 |
Final Orders – Prompt Corrective Actions
Company | Location | Regulator | Order/Docket No. | Date |
Broadway Bank | Chicago | FDIC | FDIC-10-266PCAS | April 19 |
Citizens Bank & Trust Co. | Chicago | FDIC | FDIC-10-302PCAS | April 20 |
Coastal Community Bank | Panama City Beach, Fla. | FDIC | FDIC-10-247PCAS | April 5 |
First Sound Bank | Seattle | FDIC | FDIC-10-306PCAS | April 28 |
Innovative Bank | Oakland, Calif. | FDIC | FDIC-10-271PCAS | April 9 |
Lincoln Park Savings Bank | Chicago | FDIC | FDIC-10-303PCAS | April 22 |
Sonoma Valley Bank | Sonoma, Calif. | FDIC | FDIC-10-275PCAS | April 13 |
Towne Bank of Arizona | Mesa, Ariz. | FDIC | FDIC-10-263PCAS | April 8 |
Washington First International Bank | Seattle | FDIC | FDIC-10-245PCAS | April 1 |
A formal agreement with the FDIC was terminated with Michigan Commerce Bank, while orders terminating cease-and-desist orders were issued against American Express Centurion Bank, Bank of Tacoma, Elkhart Community Bank, Farmers Deposit Bank of Middleburg Inc., Madisonville State Bank, Marine Bank and North Houston Bank.
The FDIC issued a Notice of Intention to Prohibit From Further Participation, Findings of Fact, Conclusions of Law, and Notice of Hearing to New Jersey’s Hudson United Bank.
Notice of Charges and of Hearing were published by the FDIC for USAÂ Bank in Port Chester, N.Y.