More than 30 regulatory actions were recently taken against U.S. financial institutions. The majority of the actions were formal agreements requiring banks to clean up their bad loans, increase capital and overhaul management.
The Office of the Comptroller of the Currency issued cease-and-desist order number 2009-080 against Amcore Bank, N.A., on June 25. A prompt corrective action directive (order No. 2009-097) was taken on June 4 against The First National Bank of Danville in Danville, Ill.
A personal cease-and-desist order (No. 2009-095) was issued by the OCC on June 25 against Lovic J. Marbury of Albany Bank & Trust, N.A., in Albany, Ga. Another personal cease-and-desist order (No. 2009-096) was issued on June 15 against William Ashley Gurganus of Bank of America, N.A., in Charlotte, N.C.
Seattle Bank and parent Seattle Financial Group announced on July 10 a formal agreement with the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions. The Seattle-based institution, previously known as Seattle Savings Bank, said it must reduce problem loans, increase capital and formalize management improvements.
Rob Story Jr., who is part of the family that owns Seattle Bank, said in the statement that subsidiary Seattle Mortgage Co. is originating near a record pace.
The following institutions entered formal agreements with the OCC.
| Institution | Location | Order No. | Date |
| Alabama Trust Bank, N.A. | Sylacauga, Ala. | 2009-081 | June 5 |
| Bank of The Lakes, N.A. | Owasso, Okla. | 2009-091 | June 19 |
| The Citizens National Bank | Putnam, Conn. | 2009-084 | June 9 |
| Centrust Bank, N.A. | Northbrook, Ill. | 2009-089 | June 16 |
| Credicard National Bank | Tucson, Ariz. | 2009-082 | April 28 |
| Eastern National Bank | Miami | 2009-086 | June 26 |
| Fidelity Bank of Florida, N.A. | Merritt Island, Fla. | 2009-085 | June 9 |
| The First National Bank of Barnesville | Barnesville, Ga. | 2009-087 | June 9 |
| First Southern National Bank | Statesboro, Ga. | 2009-088 | May 18 |
| Gladewater National Bank | Gladewater, Texas | 2009-093 | June 17 |
| Meridian Bank, N.A. | Wickenburg, Ariz. | 2009-083 | June 3 |
| Mountain National Bank | Sevierville, Tenn. | 2009-092 | June 2 |
| United Community Bank, N.A. | Highland Village, Texas | 2009-094 | June 11 |
| Valley National Bank | Espanola, N.M. | 2009-090 | June 2 |
The OCC issued the following removal-prohibition orders.
| Name | Institution | Location | Order No. | Date |
| Julie A. Eskew | Trustmark National Bank | Jackson, Miss. | 2009-099 | June 18 |
| Robin Gatens | City National Bank of West Virginia | Charleston, W.V. | 2009-100 | June 15 |
| Regina Mobley | City National Bank of West Virginia | Charleston, W.V. | 2009-101 | June 15 |
| James V. Nixon | TD Bank, N.A. | Wilmington, Del. | 2009-098 | June 15 |
The Federal Reserve Board reported that formal agreements have been entered with the following banks.
| Institution | Location | Regulator | Docket Number | Date |
| Bankers’ Bancorp Inc., Independent Bankers’ Bank | Springfield, Ill. | Federal Reserve Bank of Chicago, Illinois Department of Financial and Professional Regulation, Division of Banking |
09-082-WA/RB-HC 09-082-WA/RB-SM 2009-DB-50 |
June 30 |
| First State Bancorporation | Albuquerque, N.M. | Federal Reserve Bank of Kansas City, New Mexico Regulation and Licensing Department, Financial Institutions Division |
09-075-WA/RB-HC 09-075-WA/RB-SM |
July 2 |
| Frontier Financial Corp. | Everett, Wash. | Federal Reserve Bank of San Francisco | 09-073-WA/RB-HC | July 2 |
| North Georgia Bancorp Inc. | Watkinsville, Ga. | Federal Reserve Bank of Atlanta | 09-098-WA/RB-HC | July 14 |
| PAB Bankshares Inc., The Park Avenue Bank | Valdosta, Ga. | Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia | 09-084-WA/RB-HC 09-084-WA/RB-SM |
July 14 |
| Profinium Financial Holdings Inc., Profinium Financial Inc. |
Fairmont, Minn. | Federal Reserve Bank of Minneapolis | 09-064-WA/RB-HC 09-064-WA/RB-SM |
July 9 |
