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Bank Failures Might Slow

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Regulatory actions taken by the Federal Deposit Insurance Corp. subsided significantly last month. The number of consent orders, also known as cease-and-desist orders, that were handed out by the FDIC were down by half compared to the prior month and tumbled two-thirds from a year earlier — pointing to fewer bank failures ahead.

At the nation’s bank insurance administrator, the FDIC, 57 regulatory matters were processed during May. That was a big improvement from 76 actions during April but not a whole lot different than in May 2010 when 62 matters were processed.

The number of consent orders, which the FDIC previously referred to as cease-and-desist orders, fell to just 10 last month from 21 in April. Cease-and-desist orders issued a year earlier numbered 30.

Failed financial institutions are frequently hit with cease-and-desist or consent orders prior to being closed down by regulators. The FDIC issues such orders pursuant to Section 8(b), 12 U.S.C. §1818(b).

The following institutions recently faced consent or cease-and-desist orders from either the FDIC or the Office of the Comptroller of the currency.

Cease-and-Desist or Consent Orders

Company Location Regulator Order/Docket No. Date
Ally Financial Inc.; Ally Bank; Residential Capital, LLC; GMAC  Mortgage, LLC Detroit, Michigan; Midvale, Utah; Minneapolis, Minnesota; Fort Washington, Pennsylvania FDIC FDIC-11-123b 4/13/2011
American Bank of the North Nashwauk, MN FDIC FDIC-11-124b 5/9/2011
Atlantic National Bank Brunswick, GA OCC 2011-055 4/18/2011
Bank of the Carolinas Mocksville, NC FDIC FDIC-11-064b 4/27/2011
Borinquen Federal Credit Union Philadelphia, PA NCUA 11-0022-R2 6/6/2011
Central Florida State Bank Belleview, FL FDIC FDIC-10-630b 4/8/2011
Citizens Bank & Trust Company Eastman, GA FDIC FDIC-11-150b 5/13/2011
Community Bank of Oak Park River Forest Oak Park, IL FDIC FDIC-11-051b 4/4/2011
Community South Bank Parsons, TN FDIC FDIC-10-264b 4/6/2011
DocX, LLC Alpharetta, GA OCC 2011-053  4/13/2011
First Alliance Bank Cordova, TN FDIC FDIC-10-508b 4/22/2011
First State Bank Danville, VA FDIC FDIC-10-850b 4/20/2011
Florida Citizens Bank Gainesville, FL FDIC FDIC-10-709b 4/20/2011
Forrest City Bank, National Association Forrest City, AK OCC 2011-079 4/25/2011
Highland Community Bank Chicago, IL FDIC FDIC-11-044b 5/4/2011
Huntington State Bank Huntington, TX FDIC FDIC-11-057b 4/4/2011
Kendall State Bank Valley Falls, KS FDIC FDIC-11-097b 4/8/2011
Lender Processing Services, Inc. Jacksonville, FL OCC 2011-053 4/13/2011
Lender Processing Services, Inc.; DocX, LLC; LPS Default Solutions, Inc. Jacksonville, FL; Alpharetta, GA; Mendota Heights, MN FDIC FDIC-11-204b 4/13/2011
LPS Default Solutions, Inc. Mendota Heights, MN OCC 2011-053  4/13/2011
MERSCORP, Inc. Reston, VA OCC 2011-044 4/13/2011
MERSCORP, Inc., and Mortgage Electronic Registration Systems, Inc. Reston, VA FDIC FDIC-11-194b 4/13/2011
Mortgage Electronic Registration Systems, Inc. Reston, VA OCC 2011-044 4/13/2011
New City Bank Chicago, IL FDIC FDIC-11-034b 5/16/2011
Ocean Bank Miami, FL FDIC FDIC-11-207b 5/6/2011
Old Second National Bank Aurora, IL OCC 2011-081    5/16/2011
Parkway Bank and Trust Company Harwood Heights, IL FDIC FDIC-10-935b 4/29/2011
Patriot Bank Houston, TX FDIC FDIC-11-158b 5/13/2011
People’s Bank and Trust Company of Pickett County Byrdstown, TN FDIC FDIC-10-923b 4/13/2011
Peoples National Bank Niceville, FL OCC 2011-080 5/11/2011
Public Savings Bank Huntingdon Valley, PA FDIC FDIC-11-107b 5/12/2011
Quality Bank Fingal, ND FDIC FDIC-11-118b 4/8/2011
Security First Bank Fresno, CA FDIC FDIC-11-135b 4/21/2011
Signature Bank Bad Axe, MI FDIC FDIC-10-910b 4/29/2011
Southwestern National Bank Houston, TX OCC 2011-056 3/24/2011
State Central Bank Keokuk, IA FDIC FDIC-11-106b 4/27/2011
Stonebridge Bank Exton, PA FDIC FDIC-11-137b 5/23/2011
Suburban Bank & Trust Company Elmhurst, IL FDIC FDIC-10-876b 4/5/2011
Tennessee Commerce Bank Franklin, TN FDIC FDIC-11-196b 5/25/2011
Texas Savings Bank Snyder, TX FDIC FDIC-11-120b 4/5/2011
The Baraboo National Bank Baraboo, WI OCC 2011-071 4/25/2011
The Citizens Bank Enterprise, AL FDIC FDIC-11-056b 4/26/2011
Valliance Bank McKinney, TX FDIC FDIC-11-105b 4/21/2011
Vineyard Bank, National Association Corona, CA OCC 2011-082 5/10/2011
Waumandee State Bank Waumandee, WI FDIC FDIC-11-153b 5/27/2011

The good news is that the FDIC recently terminated 13 consent and cease-and-desist orders during May, while 18 were terminated the previous month.

Order Terminating a Cease-and-Desist Order

Company Location Regulator Order/Docket No. Date
Alliance Banking Company Winchester, KY FDIC FDIC-08-223b 3/18/2011
Arcola Homestead Savings Bank Arcola, IL FDIC FDIC-10-167b 4/1/2011
Badger State Bank Cassville, WI FDIC FDIC-09-077b 4/12/2011
Bartow County Bank Cartersville, GA FDIC FDIC-09-707b 5/17/2011
CB&S Bank, Inc. Russellville, AL FDIC FDIC-10-176b 4/28/2011
Central Pacific Bank Honolulu, HI FDIC FDIC-09-715b 5/11/2011
CF Bancorp Port Huron, MI FDIC FDIC-09-676b 4/14/2011
CIT Bank Salt Lake City, UT FDIC FDIC-09-337b 4/12/2011
Coffee County Bank Manchester, TN FDIC FDIC-09-094b 5/10/2011
Commercial State Bank of El Campo El Campo, TX FDIC FDIC-09-262b 5/16/2011
Community Bank of Manatee Lakewood Ranch, FL FDIC FDIC-09-569b 4/1/2011
Community Central Bank Mount Clemens, MI FDIC FDIC-10-561b 5/23/2011
Congaree State Bank West Columbia, SC FDIC FDIC-10-047b 4/8/2011
Corn Belt Bank and Trust Company Pittsfield, IL FDIC FDIC-08-356b 4/1/2011
Cortez Community Bank Brooksville, FL FDIC FDIC-09-646b 5/16/2011
Evergreen State Bank Stoughton, WI FDIC FDIC-08-410b 4/12/2011
First Choice Community Bank Dallas, GA FDIC FDIC-09-346b 5/31/2011
First Southern Bank Batesville, AR FDIC FDIC-10-884b 4/7/2011
Firstier Bank Louisville, CO FDIC FDIC-09-601b 5/18/2011
Heritage Banking Group Carthage, MS FDIC FDIC-10-182b 4/21/2011
Lakeside Community Bank Sterling Heights, MI FDIC FDIC-09-326b 4/14/2011
Legacy Bank Scottsdale, AZ FDIC FDIC-09-321b 4/14/2011
Main Street Bank Northville, MI FDIC FDIC-08-116b 4/14/2011
New Liberty Bank Plymouth, MI FDIC FDIC-09-193b 4/14/2011
Nexity Bank Birmingham, AL FDIC FDIC-09-011b 5/3/2011
Ocean Bank Miami, FL FDIC FDIC-07-017b 5/11/2011
Peoples Bank Elkhorn, WI FDIC FDIC-08-144b 5/16/2011
Peoples State Bank Hamtramck, MI FDIC FDIC-09-129b 4/14/2011
Slovak Savings Bank Pittsburgh, PA FDIC FDIC-10-066b 5/11/2011
Southwest Bank of Texas Houston, TX OCC 2011-093 (EA# 2005-12) 5/10/2011
Strategic Capital Bank Champaign, IL FDIC FDIC-08-205b 4/1/2011
Texas Country Bank Lakeway, TX FDIC FDIC-10-036b 4/29/2011
The Frost National Bank San Antonio, TX OCC 2011-093 (EA# 2005-12) 5/10/2011
TIB Bank Naples, FL FDIC FDIC-10-358b 5/10/2011
Whitney National Bank New Orleans, LA OCC 2011-093 (EA# 2005-12) 5/10/2011


In addition, a modification of consent order (FDIC-09-744b) was processed by the FDIC on April 27 for The Community’s Bank in Bridgeport, Conn.

The OCC, Federal Reserve and multiple state banking regulators recently entered formal agreements with 23 institutions. Agreements with regulators often require the banks to conserve capital, make operational improvements and, occasionally, change management.

Formal Agreements

Company Location Regulator Order/Docket No. Date
Community Banks of Georgia Inc. Jasper, Georgia Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia 11-063-WA/RB-HC 5/24/2011
Liberty Shares, Inc. Hinesville, Georgia Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia 11-050-WA/RB-HC 5/9/2011
F&M Holding Company Manchester, Georgia Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia 11-054-WA/RB-HC 5/31/2011
Metropolitan Bank Group, Inc. Chicago, Illinois Federal Reserve Bank of Chicago 11-037-WA/RB-HC 5/10/2011
Community Financial Shares, Inc. Glen Ellyn, Illinois Federal Reserve Bank of Chicago 11-062-WA /RB-HC 5/23/2011
Northwest Bancorporation of Illinois, Inc. Palatine, Illinois Federal Reserve Bank of Chicago 11-066-WA /R B-HC  6/7/2011
Johnson Financial Group, Inc.; Johnson Bank Racine, Wisconsin Federal Reserve Bank of Chicago, State of Wisconsin Department of Financial Institutions 11-056-WA/RB-HC; 11-056-WA/RB-SM 5/10/2011
North Texas Bancshares, Inc.; North Texas Bancshare of Delaware, Inc. Dallas, Texas; Wilmington, Delaware Federal Reserve Bank of Dallas, Banking Commissioner of the Texas Department of Banking 11-044-WA/RB-HC; 2011-020  5/23/2011
Cornerstone Holding Company, Inc. Fargo, North Dakota Federal Reserve Bank of Minneapolis 11-009-WA/RB-HC 5/27/2011
Mid-Wisconsin Financial Services, Inc. Medford, Wisconsin Federal Reserve Bank of Minneapolis 11-048-WA/RB-HC 5/10/2011
BW Bancorp Ely, Minnesota  Federal Reserve Bank of Minneapolis 11-059 -WA/RB-HC 5/20/2011
HCSB Financial Corporation Loris, South Carolina Federal Reserve Bank of Richmond 11-034 -WA/RB-HC 5/9/2011
Provident Community Bancshares, Inc. Rock Hill, South Carolina Federal Reserve Bank of Richmond 11-049-WA/RB-HC 5/20/2011
Four Oaks Fincorp, Inc.; Four Oaks Bank & Trust Company  Four Oaks, North Carolina Federal Reserve Bank of Richmond, State of North Carolina Office of the Commissioner of Banks 11-060-WA/RB-HC; 11-060-WA/RB-SM 5/24/2011
Calwest Bancorp Rancho Santa Margarita, California Federal Reserve Bank of San Francisco 11-055 -WA/RB-HC 4/29/2011
Chino Commercial Bank, National Association Chino, CA OCC 2011-063 4/12/2011
The First National Bank of Wyoming Wyoming, DE OCC 2011-064 3/17/2011
First National Bank Northwest Florida Panama City, FL OCC 2011-065 4/7/2011
Heartland National Bank Sebring, FL OCC 2011-066 4/14/2011
First National Bank of Decatur County Bainbridge, GA OCC 2011-067 3/24/2011
Great Lakes Bank, National Association Blue Island, IL OCC 2011-068 4/5/2011
First National Bank in Mahnomen Mahnomen, MN OCC 2011-069 3/28/2011
Mainline National Bank Portage, PA OCC 2011-070 3/22/2011

The Federal Reserve Board and OCC terminated the following formal agreements.

Terminations of Existing Enforcement Actions

Company Location Regulator Order/Docket No. Date
Capital One Bank (USA), National Association Glen Allen, VA OCC 2011-078 (EA# 2010-012) 4/8/2011
Centrust Bank, National Association Northbrook , IL OCC 2011-075 (EA# 2009-089) 4/20/2011
Centrust Bank, National Association Northbrook , IL OCC 2011-075 (EA# 2009-197) 4/20/2011
Cornerbank, National Association Winfield, KS OCC 2011-090 (EA# 2008-082) 5/11/2011
First National Bank of Scottsdale Scottsdale, AZ OCC 2011-088 (EA# 2010-022) 5/19/2011
Forrest City Bank, National Association Forrest City, AK OCC 2011-089 (EA# 2010-048) 4/25/2011
Gladewater National Bank Gladewater, TX OCC 2011-092 (EA# 2009-093) 4/26/2011
Heritage Commerce Corp.; Heritage Bank of Commerce San Jose, California Federal Reserve Board na 6/9/2011
Southwestern National Bank Houston, TX OCC 2011-077 (EA# 2010-128) 3/30/2011
The First National Bank of Farragut Shenandoah, IA OCC 2011-076 (EA# 2008-097) 1/25/2011
The First National Bank of Northfield Northfield, MN OCC 2011-091 (EA# 2009-240) 3/24/2011

The FDIC, National Credit Union Administration and OCC banned 34 individuals from financial institutions through removal-and-prohibition orders. The FDIC issues removal-and-prohibition orders pursuant to Section 8(e), 12 U.S.C. § 1818(e).

Removal / Prohibition Orders

Employer Location Individual Regulator Order # Date
ALPS Federal Credit Union Sitka, Alaska Weidenhof, Vicki Lynn NCUA 11-0007-R5 2/25/2011
American Bank and Trust Company, National Association Davenport, IA Harry S. Coin OCC 2011-062 4/22/2011
American Bank Center Dickerson, ND Howard R Palmer FDIC FDIC-09-205e 4/15/2011
Bank Leumi USA New York, NY Roberto E. Rodriguez FDIC FDIC-11-032e 4/27/2011
Bank of America, National Association Charlotte, NC Jesse Montano OCC 2011-072 4/4/2011
Bank of America, National Association Charlotte, NC Jennifer Riggs OCC 2011-073 4/4/2011
Bank of America, National Association Charlotte, NC Deborah Clark OCC 2011-084 5/19/2011
Bank of the West San Francisco, CA Elizabeth Kolling FDIC FDIC-10-596e 5/26/2011
Bank of Yazoo City Yazoo City, MS Charles H. Evans, Jr FDIC FDIC-10-267e 5/26/2011
BankFirst Financial Services Macon, MS Sherry L. Lofton FDIC FDIC-10-580e 5/13/2011
Citizens Bank of Northern California Nevada City, CA Melvin Rohs FDIC FDIC-10-632e 4/27/2011
Community Bank of Mississippi Forest, MS Penny Jo Lindsey FDIC FDIC-10-001e 5/26/2011
Community State Bank, National Association Ankeny, IA Brian Williams OCC 2011-083 4/4/2011
Exchange Bank Santa Rosa, CA Vanessa Outlaw FDIC FDIC-11-154e 5/26/2011
Farmers and Merchants Bank Monticello, FL Ronald Darrin McGlamry FDIC FDIC-10-516e 5/26/2011
First Security Trust and Savings Bank Elmwood Park, IL Jeffrey L. Gonsiewski FDIC FDIC-09-414e 4/27/2011
First-Citizens Bank & Trust Company Raleigh, NC James Scott Sessoms FDIC FDIC-10-750e 4/27/2011
Flatirons Bank Boulder, CO Mark H. Yost FDIC FDIC-11-046e 5/9/2011
Fort Campbell Federal Credit Union Clarksville, Tenn. Aimee Rattiff NCUA 11-0014-R3 5/19/2011
Her Majesty’s Credit Union Denver, Colorado Stan Roberson NCUA 11-0012-R5 4/18/2011
JPMorgan Chase Bank, National Association Columbus, OH Belinda Brandimarti OCC 2011-085 5/31/2011
JPMorgan Chase Bank, National Association Columbus, OH Nicole M. Scherer OCC 2011-086 4/25/2011
JPMorgan Chase Bank, National Association Columbus, OH Sarah N. Warden OCC 2011-087 5/11/2011
Omni National Bank Atlanta, GA Karim Walthour Lawrence OCC 2011-074 4/6/2011
Park Cities Bank Dallas, TX Erin N. Lopez FDIC FDIC-10-399e 5/9/2011
PeoplesSouth Bank Colquitt, GA James E. Goldsborough FDIC FDIC-10-582e 4/27/2011
Sterling Savings Bank Spokane, WA Shannon M. Kuhlman FDIC FDIC-11-048e 5/13/2011
The Cecilian Bank Cecilian, KY Jackie K. Watson FDIC FDIC-10-299e 5/9/2011
The First State Bank Huntsville, TX Melissa M. Randall FDIC FDIC-09-548e 4/27/2011
The Park Bank Madison, WI Amy Strait FDIC FDIC-09-283e 4/27/2011
WesBanco Bank, Inc. Wheeling, WV Daniel L. Rice FDIC FDIC-11-013e 5/13/2011
Westernbank Puerto Rico Mayaguez, PR Felix Vega-Carrion FDIC FDIC-11-039e 5/9/2011
Yadkin Valley Bank and Trust Company Elkin, NC Doris Stroud Renegar FDIC FDIC-10-671e 5/9/2011
Yampa Valley Bank Steamboat Springs, CO Lucy A. Middleton FDIC FDIC-10-366e 5/26/2011

Civil Money Penalties were issued against 40 companies by the OCC and the FDIC — which noted that such orders are issued pursuant to Section 8(i), 12 U.S.C. § 1818(i).

Final Orders – Civil Money Penalties

Company Location Individual Regulator Amount Order/Docket No. Date
Allegiance Bank Texas Houston, TX na FDIC $2,500.00 FDIC-11-149k 4/11/2011
American Bank & Trust of the Cumberlands Livington, TN na FDIC $8,085.00 FDIC-11-159k 4/14/2011
American Bank and Trust Company, National Association Davenport, IA Harry S. Coin OCC na 2011-062 4/22/2011
American Bank Center Dickinson, ND Howard R. Palmer FDIC $5,000.00 FDIC-09-206k 4/15/2011
Bank of Maringouin Maringouin, LA na FDIC $5,000.00 FDIC-10-866k 4/20/2011
Bank of Sun Prairie Sun Prairie, WI na FDIC $1,785.00 FDIC-10-939k 5/9/2011
CentreBank Veedersburg, IN na FDIC $2,695.00 FDIC-11-114k 5/9/2011
Century Bank Lucedale, MS na FDIC $3,000.00 FDIC-10-834k 4/14/2011
Citizens Bank & Trust Co. Marks, MS na FDIC $6,665.00 FDIC-11-099k 5/31/2011
Community Bank Noblesville, IN na FDIC $2,650.00 FDIC-10-932k 4/21/2011
Desoto County Bank Horn Lake, MS na FDIC $3,140.00 FDIC-10-917k 5/11/2011
Exchange Bank Gibbon, NE na FDIC $5,200.00 FDIC-11-200k 5/24/2011
Farmers and Merchants Bank Monticello, FL Ronald Darrin McGlamry FDIC $3,500.00 FDIC-10-516e; FDIC-10-686k 5/26/2011
First American Bank Artesia, NM na FDIC $22,200.00 FDIC-11-160k 5/31/2011
First Bank of Coastal Georgia Pembroke, GA na FDIC $6,500.00 FDIC-11-108k 4/8/2011
First State Bank Tahlequah, OK na FDIC $1,680.00 FDIC-10-927k 4/14/2011
HomeStar Bank and Financial Services Manteno, IL na FDIC $4,500.00 FDIC-10-840k 4/18/2011
Louisa Community Bank Louisa, KY na FDIC $1,500.00 FDIC-10-736k 4/18/2011
Michigan Commerce Bank Ann Arbor, MI na FDIC $5,000.00 FDIC-11-078k 4/29/2011
Mid Penn Bank Millersburg, PA na FDIC $11,000.00 FDIC-11-164k 5/16/2011
Midtown Bank & Trust Company Atlanta, GA na FDIC $6,500.00 FDIC-11-206k 5/3/2011
Montgomery Bank & Trust Ailey, GA Gregory A. Morris FDIC $5,000.00 FDIC-10-587k 4/15/2011
Norstates Bank Waukegan, IL na FDIC $12,000.00 FDIC-10-730k 4/29/2011
Norstates Bank Waukegan, IL na FDIC $950.00 FDIC-10-731k 4/29/2011
Pacific National Bank Miami, FL Jose Baloyra OCC na 2011-057 4/14/2011
Pacific National Bank Miami, FL Andres Baquerizo OCC na 2011-058 4/14/2011
Pacific National Bank Miami, FL Ralph Fernandez OCC na 2011-059 4/14/2011
Pacific National Bank Miami, FL Eduardo Gross OCC na 2011-060 4/14/2011
Pacific National Bank Miami, FL Joaquin Urquiola OCC na 2011-061 4/14/2011
Plains Capital Bank, PrimeLending Dallas, Texas na Federal Reserve System $30,780/$73,175 11-061-CMP-SM 5/23/2011
Regent Bank Nowata, OK na FDIC $7,700.00 FDIC-10-833k 4/14/2011
State Bank Wonder Lake, IL na FDIC $6,000.00 FDIC-10-820k 4/14/2011
State Bank of Park Rapids Park Rapids, MN Jon P. Smythe FDIC $10,000.00 FDIC-09-149k 5/26/2011
Texas Bank Henderson, TX na FDIC $6,000.00 FDIC-11-117k 4/28/2011
Texas Savings Bank Snyder, TX na FDIC $3,395.00 FDIC-10-872k 4/14/2011
The Bath State Bank Bath, IN na FDIC $8,000.00 FDIC-11-042k 4/21/2011
The Citizens Bank of Philadelphia Mississippi, Philadelphia, MS na FDIC $15,030.00 FDIC-11-155k 5/31/2011
The First State Bank Huntsville, TX Melissa M. Randall FDIC $1,000.00 FDIC-09-720k 4/27/2011
Union State Bank Pell City, AL na FDIC $8,000.00 FDIC-11-157k 4/19/2011
Vineyard Bank, National Association Corona, CA Norman A. Morales OCC na 2011-082 5/10/2011

Prompt Corrective Actions were issued against five companies by the FDIC pursuant to Section 38, 12 U.S.C. § 1831o.

Final Orders – Prompt Corrective Actions

Company Location Regulator Order/Docket No. Date
Colorado Capital Bank Castle Rock, CO FDIC FDIC-11-089PCAS 5/4/2011
Community Bank of Central Wisconsin Colby, WI FDIC FDIC-11-077PCAS 4/14/2011
Community South Bank Parsons, TN FDIC FDIC-11-086PCAS 3/18/2011
First International Bank Plano, TX FDIC FDIC-11-189PCAS 4/5/2011
Summit Bank Burlington, WA FDIC FDIC-11-210PCAS 4/13/2011


Four orders terminating prompt corrective actions were issued by the FDIC.

Terminations of Existing Enforcement Actions

Company Location Regulator Order/Docket No. Date
First Southern Bank Batesville, AR FDIC FDIC-10-901PCAS 4/7/2011
Firstier Bank Louisville, CO FDIC FDIC-10-224PCAS 5/18/2011
Heritage Banking Group Carthage, MS FDIC FDIC-10-907PCAS 4/21/2011
High Desert State Bank Albuquerque, NM FDIC FDIC-10-017PCAS 4/4/2011


Two adjucated decisions were issued by the FDIC to Frontier State Bank in Oklahoma City (FDIC-07-288b), one on April 12 and another on May 11. In addition, an adjucated decision (FDIC-10-335e) was issued on May 10 against Chinatrust Bank (U.S.A.) in Torrance, Calif.

The FDIC reported an amended notice of hearing (FDIC-10-079b and FDIC-10-216k) for Louisville, Ky.-based Republic Bank & Trust Co. as of May 10. A hearing was scheduled by the FDIC for Pacific Rim Bank in Honolulu for July 26 (FDIC-10-471b).

A capital directive (2011-054) was issued by the OCC to Western National Bank in Phoenix, Ariz., on April 4.

Notices were filed on May 11 by the OCC against Joanne Medlock (N11-001) and Donald Shephard (N11-002) of The First National Bank of Valentine in Valentine, Neb.

The FDIC filed notices of hearings for EuroBank (FDIC-10-585b) in Coral Gables, Fla., on May 3 and Marine Bank & Trust Co. (FDIC-10-825b) in Vero Beach, Fla., on May 20.

A restitution order was filed by the OCC against Harry S. Coin (2011-062) of Davenport, Iowa-based American Bank and Trust Company, N.A., on April 22. Another such OCC order was filed against Brian Williams (2011-083) of Community State Bank, N.A., in Ankeny, Iowa, on April 4.

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