|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title |
Case Number
|
Date Filed |
Link to Story |
| Tomatobank, N.A., Diamond Bar, Calif. |
OCC |
na |
na |
Cease-and-desist orders were issued by the Office of the Comptroller of the Currency against the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| First Security National Bank, Norcross, Ga. |
OCC |
na |
na |
Cease-and-desist orders were issued by the Office of the Comptroller of the Currency against the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| The First National Bank of Anthony, Anthony, Kan. |
OCC |
na |
na |
Cease-and-desist orders were issued by the Office of the Comptroller of the Currency against the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| Eastern National Bank (Miami) |
OCC |
na |
na |
The OCC issued a civil money penalty order against Eastern National Bank in Miami. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| Yumiko Edwards of Wells Fargo Bank, N.A., in Sioux Falls, S.D. |
OCC |
na |
na |
A removal-prohibition order was issued against Yumiko Edwards. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| Flagship National Bank, Bradenton, Fla. |
OCC |
na |
na |
A formal agreements was reached betweent the OCC and the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| Riverside National Bank of Florida,Fort Pierce |
OCC |
na |
na |
A formal agreements was reached betweent the OCC and the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| The Milford National Bank and Trust Co., Milford, Mass. |
OCC |
na |
na |
A formal agreements was reached betweent the OCC and the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| Wachovia Bank, N.A., Charlotte, N.C. |
OCC |
na |
na |
A formal agreements was reached betweent the OCC and the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| City First Bank of D.C., N.A., Washington, D.C. |
OCC |
na |
na |
An existing enforcement action was terminated against the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| Old Missouri National Bank, Springfield |
OCC |
na |
na |
An existing enforcement action was terminated against the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory122308.asp |
| OCEAN BANKSHARES INC. |
FEDERAL RESERVE BANK OF ATLANTA |
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. |
na |
The Federal Reserve Board announced that an agreement was executed between Miami-based Ocean Bankshares Inc. and the Federal Reserve Bank of Atlanta to conserve capital. In addition, Ocean has agreed to comply with laws and regulations, implement procedures that properly account for loan- and lease-loss allowances and report back about its progress. |
Written Agreement by and between OCEAN BANKSHARES INC. Miami, Florida, and FEDERAL RESERVE BANK OF ATLANTA Atlanta, Georgia |
Docket No. 08-058-WA/RB-HC |
Dec. 19, 2008 |
www.mortgagedaily.com/Regulatory122308.asp |
| THE TEMPLAR FUND INC., BANCORP INC., FFC FINANCIAL CORP., TRUMAN BANK |
FEDERAL RESERVE BANK OF ST. LOUIS |
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. |
na |
The owners of Truman Bank in Clayton, Mo. — The Templar Fund Inc., Truman Bancorp Inc. and FFC Financial Corp. — entered an agreement with the Federal Reserve Bank of St. Louis. The order calls for improved management oversight, a diversification of lending beyond commercial real estate and an overhaul of lending and credit administration practices. In addition, the bank must adjust its accounting for loan- and lease-loss allowances, conserve capital and report back on its progress. |
Written Agreement by and among THE TEMPLAR FUND INC., St. Louis, Missouri, TRUMAN BANCORP INC., St. Louis, Missouri, FFC FINANCIAL CORP., St. Louis, Missouri, TRUMAN BANK, Clayton, Missouri, and FEDERAL RESERVE BANK OF ST. LOUIS, St. Louis, Missouri |
Docket No. 08-053-WA/RB-HC and 08-053-WA/RB-SM |
Dec. 10, 2008 |
www.mortgagedaily.com/Regulatory122308.asp |
| MICHIGAN HERITAGE BANK |
FEDERAL RESERVE BANK OF CHICAGO, MICHIGAN OFFICE OF FINANCIAL AND INSURANCE REGULATION |
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. |
na |
Michigan’s Office of Financial and Insurance Regulation and the Federal Reserve Bank of Chicago entered an agreement with Michigan Heritage Bank in Farmington Hills. The agreement calls for the bank to conserve capital, improve its assets and properly account for its allowance for loan and lease losses. |
Written Agreement by and among MICHIGAN HERITAGE BANK, Farmington Hills, Michigan, FEDERAL RESERVE BANK OF CHICAGO, Chicago, Illinois, and MICHIGAN OFFICE OF FINANCIAL AND INSURANCE REGULATION Lansing, Michigan |
Docket No. 08-057-WA/RB-SM |
Dec. 16, 2008 |
www.mortgagedaily.com/Regulatory122308.asp |
| CHEROKEE BANCSHARES, INC. |
FEDERAL RESERVE BANK OF MINNEAPOLIS |
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. |
na |
The Federal Reserve Bank of Minneapolis has entered an agreement with Cherokee Bancshares Inc. of Saint Paul, Minn. The bank has agreed to conserve capital, comply with laws and regulations and report back on its progress. |
Written Agreement by and between CHEROKEE BANCSHARES, INC. Saint Paul, Minnesota, and FEDERAL RESERVE BANK OF MINNEAPOLIS Minneapolis, Minnesota |
Docket No. 08-037-WA/RB-HC |
Dec. 17, 2008 |
www.mortgagedaily.com/Regulatory122308.asp |
| BIRTHRIGHT INC. |
FEDERAL RESERVE BANK OF ATLANTA |
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C. |
na |
Birthright Inc. of Montgomery, Ala., signed an agreement with the Federal Reserve Bank of Atlanta. The institution has agreed to comply with laws and regulations, conserve capital and report back on its progress. |
Written Agreement by and between BIRTHRIGHT, INCORPORATED Montgomery, Alabama, and FEDERAL RESERVE BANK OF ATLANTA Atlanta, Georgia |
Docket No. 08-060-WA/RB-HC |
Dec. 15, 2008 |
www.mortgagedaily.com/Regulatory122308.asp |
| EvaBank, Eva, Ala. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 29, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Alliance Bank, Culver City, Calif. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 15, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| First Bank of Delaware, Wilmington, Del. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 9, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| FirstBank Financial Services, McDonough, Ga. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 23, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Heritage Community Bank, Glenwood, Ill. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 10, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Kenney Bank and Trust, Kenney, Ill. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 2, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Polk County Bank, Johnston, Iowa |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 27, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| The Bank of Harlan, Harlan, Ky. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 2, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| OneUnited Bank, Boston |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 27, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Northpointe Bank, Grand Rapids, Mich. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 1, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Select Bank, Grand Rapids, Mich. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
August 28, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Sun Security Bank, Ellington, Mo. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 30, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Fort Davis State Bank, Fort Davis, Texas |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 17, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Sanderson State Bank, Sanderson, Texas |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 16, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| MagnetBank, Salt Lake City |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 1, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Bank of Wyoming, Thermopolis, Wyo. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation announced that cease-and-desist orders were issued against these institutions. |
na |
na |
October 17, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| First Bank of Delaware, Wilmington, Del. |
FDIC |
na |
$304,000 |
The FDIC issued civil money penalties against this bank. |
na |
na |
October 9, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Century Bank of Georgia, Cartersville, Ga. |
FDIC |
na |
$5,500 |
The FDIC issued civil money penalties against this bank. |
na |
na |
October 6, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Mercantile Bank, Quincy, Ill. |
FDIC |
na |
$2,450 |
The FDIC issued civil money penalties against this bank. |
na |
na |
October 22, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Community Bank, Winslow, Ill. |
FDIC |
na |
$13,310 |
The FDIC issued civil money penalties against this bank. |
na |
na |
Oct. 22, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Citizens Union Bank of Shelbyville, Shelbyville, Ky. |
FDIC |
na |
$8,650 |
The FDIC issued civil money penalties against this bank. |
na |
na |
Oct. 1, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Century Bank, Lucedale, Miss. |
FDIC |
na |
$10,255 |
The FDIC issued civil money penalties against this bank. |
na |
na |
Oct. 24, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Bank of the Cascades, Bend, Ore. |
FDIC |
na |
$43,550 |
The FDIC issued civil money penalties against this bank. |
na |
na |
Oct. 8, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Independence Bank, East Greenwich, R.I. |
FDIC |
na |
$2,500 |
The FDIC issued civil money penalties against this bank. |
na |
na |
Oct. 17, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Anderson Brothers Bank, Mullins, S.C. |
FDIC |
na |
$11,200 |
The FDIC issued civil money penalties against this bank. |
na |
na |
Oct. 20, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| 1st Security Bank of Washington, Mountlake Terrace, Wash. |
FDIC |
na |
$4,235 |
The FDIC issued civil money penalties against this bank. |
na |
na |
Oct. 9, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Banks of Wisconsin, Kenosa, Wis. |
FDIC |
na |
na |
The FDIC issued civil money penalties against this bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Community Bank., Blountsville, Ala. |
FDIC |
na |
na |
An order dismissing charges was issued against Community Bank |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Fremont Investment & Loan, Brea, Calif.; |
FDIC |
na |
na |
A cease-and-desist order was terminated against the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Pan Pacific Bank, Fremont, Calif. |
FDIC |
na |
na |
A cease-and-desist order was terminated against the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Integrity Bank, Alpharetta, Ga. |
FDIC |
na |
na |
A cease-and-desist order was terminated against the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| 1st State Bank, Saginaw, Mich. |
FDIC |
na |
na |
A cease-and-desist order was terminated against the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Mesilla Valley Bank, Las Cruces, N.M. |
FDIC |
na |
na |
A cease-and-desist order was terminated against the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| First Bank of Delaware in Wilmington, Del. |
FDIC |
na |
na |
An order terminating a temporary order to cease and desist was issued against First Bank |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Julianne L. Gingrich |
Federal Reserve Board |
The Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
The Federal Reserve Board issued a consent order of prohibition against Julianne L. Gingrich. Gingrich, who previously worked as a former assistant vice president for SunTrust Bank, didn’t admit to any allegations of her participation in violations of law, unsafe and unsound banking practices and breaches of fiduciary duty. |
In the Matter of Julianne L. Gingrich, A Former Institution-Affiliated Party of SunTrust Bank, Atlanta, Georgia |
Docket No. 08-044-E-I |
Dec. 3, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Community Investment Services Inc. |
Federal Reserve Bank of Minneapolis. |
The Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
A written agreement was entered into between the fed and Community Investment Services Inc. of North Branch, Minn. The agreement calls for Community to conserve capital and take steps to improve compliance with laws and regulations. |
Written Agreement by and between Community Investment Services Inc., North Branch, Minnesota, and Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota |
Docket No. 08-045-WA/RB-HC |
Dec. 9, 2008 |
www.mortgagedaily.com/Regulatory121508.asp |
| Valley Capital Bank, N.A., Mesa, Ariz. |
OCC |
na |
na |
A cease-and-desist orders was issued against the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Delta Bank, N.A., Manteca, Calif. |
OCC |
na |
na |
A cease-and-desist orders was issued against the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Omni National Bank, Atlanta |
OCC |
na |
na |
A cease-and-desist orders was issued against the bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| David S. Eisenberg, California National Bank, Los Angeles |
OCC |
na |
na |
The regulator issued civil money penalty orders against these entities/individuals. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Eastern National Bank, Miami. |
OCC |
na |
na |
The regulator issued civil money penalty orders against these entities/individuals. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| First National Bank of Baldwin County, Foley, Ala. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Palm Desert National Bank, Palm Desert, Calif. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| The Adams National Bank, Washington, D.C. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| First National Bank of Griffin, Griffin, Ga. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| First Suburban National Bank, Maywood, Ill. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| The First National Bank of Olathe, Olathe, Kan. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| First National Bank in Howell, Howell, Mich. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Heritage Bank, N.A., Spicer, Minn. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| The First National Bank of Wayne, Wayne, Neb. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Charter West National Bank, West Point, Neb. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Bank of Anderson, N.A., Anderson, S.C. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Beach First National Bank, Myrtle Beach, S.C. |
OCC |
na |
na |
A formal agreement was made with the institution. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Vernon W. Hill, II |
OCC |
na |
na |
A personal cease-and-desist order and a restitution order was issued against Vernon W. Hill, II, Commerce Bank, N.A., Philadelphia. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| David S. Eisenberg, California National Bank, Los Angeles |
OCC |
na |
na |
Removal-and-prohibition orders were issued against these individuals/ entities. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Madai Contreras, Los Angeles National Bank, Buena Park, Calif. |
OCC |
na |
na |
Removal-and-prohibition orders were issued against these individuals/ entities. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Wendie J. Kirkpatrick, First National Bank of Omaha, Omaha, Neb. |
OCC |
na |
na |
Removal-and-prohibition orders were issued against these individuals/ entities. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Loretta S. Flenar, JPMorgan Chase Bank, N.A., Columbus, Ohio |
OCC |
na |
na |
Removal-and-prohibition orders were issued against these individuals/ entities. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Anthony Diamante, Commerce Bank, N.A., Philadelphia |
OCC |
na |
na |
Removal-and-prohibition orders were issued against these individuals/ entities. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Wells Fargo Bank, N.A., Sioux Falls, S.D.). |
OCC |
na |
na |
Removal-and-prohibition orders were issued against these individuals/ entities. |
na |
na |
na |
www.mortgagedaily.com/Regulatory112608.asp |
| Countrywide Home Loans and Countrywide Mortgage Ventures |
North Carolina Commissioner of Banks |
State of North Carolina, Wake County |
$16,000,000 |
Countrywide Home Loans and Countrywide Mortgage Ventures agreed to issue refunds as part of a settlement announced with the North Carolina Office of the Commissioner of Banks. The settlement was the result of an examination started by the commissioner in 2007 that allegedly uncovered serious violations tied to permissible mortgage charges in the state. |
IN RE:Â Countrywide Home Loans Inc., and Countrywide Mortgage Ventures LLC |
Docket Nos. 08:170:MBB, 08:171:MBB. |
Oct. 31, 2008 (consent order) |
https://www.mortgagedaily.com/CountrywideNcOrders120408.asp |
| Southern Community Bancshares Inc. |
Federal Reserve Bank of Atlanta and Banking Commissioner of Georgia |
Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
Southern Community Bancshares Inc. entered an agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia. The agreement calls for the conservation of capital, regulatory approval for any senior executive changes and ongoing reporting of activity. |
Written Agreement by and among Southern Community Bancshares Inc., Fayetteville, Georgia, Federal Reserve Bank of Atlanta, Atlanta, Georgia, and Banking Commissioner of the State of Georgia |
Docket No. 08-039-WA/RB-HC |
Nov. 12, 2008 |
www.mortgagedaily.com/Regulatory111908.asp |
| FirstBank Financial Services Inc. |
Federal Reserve Bank of Atlanta and Banking Commissioner of Georgia |
Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
FirstBank Financial Services Inc. also entered an agreement with the Fed and Georgia’s banking regulator. That agreement also calls for the conservation of capital and ongoing reporting. In addition, FirstBank is required to comply with laws and regulations. |
Written Agreement by and among FirstBank Financial Services Inc., McDonough, Georgia, Federal Reserve Bank of Atlanta, Atlanta, Georgia, and Banking Commissioner of the State of Georgia |
Docket No. 08-038-WA/RB-HC |
Nov. 12, 2008 |
www.mortgagedaily.com/Regulatory111908.asp |
| Dresdner Bank AG |
New York State Banking Dept. |
Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
The New York State Banking Department issued a cease-and-desist order against Dresdner Bank AG of Germany and its New York branch. The action resulted from violations of the Bank Secrecy Act and anti-money laundering laws. |
In the Matter of Dresdner Bank AG, Frankfurt, Germany, Dresdner Bank AG, New York Branch, New York, New York |
Docket No. 08-031-B-FB, 08-031-B-FBR |
Nov. 7, 2008 |
www.mortgagedaily.com/Regulatory111908.asp |
| Vernon W. Hill, II |
OCC |
U.S. Department of the Treasury, Office of the Comptroller of the Currency |
$4 million to resolve all litigation |
A stipulation-and-consent order was issued by the Office of the Comptroller of the Currency against Vernon W. Hill II, former chairman and chief executive officer of Commerce Bank, N.A., in Philadelphia. OCC said it plans to initiate proceedings against Hill over his breaches of fiduciary duties that led to unsafe and unsound practices at Commerce. Hill allegedly entered real estate transactions on behalf of the bank where he personally benefited. |
In the Matter of Vernon W. Hill II, Former Chief Executive Officer and Chairman of the Board, Commerce bank, N.A., Philadelphia, Pennsylvania |
No. AA-EC-08-64 |
Nov. 14, 2008 |
www.mortgagedaily.com/Regulatory111908.asp |
| Paramount Bancorp Inc. |
Federal Reserve Bank of Chicago and Michigan Office of Financial and Insurance Regulation |
Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
The Federal Reserve Board announced an agreement with Paramount Bancorp Inc. to improve management, clean up its books and conserve capital. |
Written Agreement by and among Paramount Bancorp Inc., Farmington Hills, Michigan, Paramount Bank, Farmington Hills, Michigan, Federal Reserve Bank of Chicago, Chicago, Illinois, and Michigan Office of Financial and Insurance Regulation, Lansing, Michigan.; |
Docket Nos. 08-033-WA/RB-HC and 08-033-WA/RB-SM |
Oct. 23, 2008 |
www.mortgagedaily.com/Mergers111108.asp |
| Currie Bancorporation Inc. |
Federal Reserve Bank of Minneapolis |
Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
The Federal Reserve Board announced an agreement with Currie Bancorporation Inc. in Currie, Minn to improve management, clean up its books and conserve capital. |
Written Agreement by and between Currie Bancorporation Inc., Currie, Minnesota, and Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota. |
Docket No. 08-030-WA/RB-HC |
Oct. 31, 2008 |
www.mortgagedaily.com/Mergers111108.asp |
| CapitalSouth Bancorp |
Federal Reserve |
Board of Governors of the Federal Reserve System, Washington, D.C., and State of Alabama State Banking Department |
na |
The fed issued a cease-and-desist-order against CapitalSouth Bancorp in Birmingham, Ala. |
In the Matter of CapitalSouth Bancorp, Birmingham, Alabama, and CapitalSouth Bank, Birmingham, Alabama. |
Docket No.s 08-034-B-HC and 08-034-B-SM |
Nov. 4, 2008 |
www.mortgagedaily.com/Mergers111108.asp |
| Riverside Gulf Coast Banking Co. and Riverside Bank of the Gulf Coast |
Federal Reserve Bank of Atlanta and State of Florida Office of Finanical Regulation |
Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
Riverside and a subsidiary entered a written agreement with the Federal Reserve Bank of Atlanta and the State of Florida Office of Financial Regulation that requires it to take steps to improve its board oversight of management; strengthen its credit risk management practices; and improve its capital position. |
Written Agreement by and among Riverside Gulf Coast Banking Company; Cape Coral, Florida, Riverside Bank of the Gulf Coast, Cape Coral Florida; Federal Reserve Bank of Atlanta, Atlanta, Georgia; and State of Florida Office of Financial Regulation, Tallahassee, Florida |
Docket No. 08-041-WA/RB-HC 08-041-WA/RBSM |
Oct. 28, 2008 |
www.mortgagedaily.com/Mergers111108.asp |
| Remo DuQuoin LLC, Privee LLC and Republic Federal Bancorp Inc. |
Federal Reserve Bank of Atlanta |
Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
Three companies entered a written agreement with the Federal Reserve Bank of Atlanta calling for the conservation of capital and a subsequent report back to the board. |
Written Agreement by and among Remo DuQuoin LLC, Privee LLC and Republic Federal Bancorp Inc. and Federal Reserve Bank of Atlanta, Atlanta, Georgia |
Docket No. 08-00X-WA/RB-HC |
Oct. 22, 2008 |
www.mortgagedaily.com/Mergers110308.asp |
| State Holding Co. |
Federal Reserve Bank of Kansas City |
Board of Governors of the Federal Reserve System, Washington, D.C. |
na |
State Holding Co. entered an agreement with the Federal Reserve Bank of Kansas City to conserve capital. |
State Holding Company, Thermopolis, Wyoming, and Federal Reserve Bank of Kansas City, Kansas City, Missouri |
Docket No. 08-036-WA/RB-HC |
Oct. 15, 2008 |
www.mortgagedaily.com/Mergers110308.asp |
| Freedom Bank, Bradenton, Fla. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| BankCherokee, St. Paul, Minn. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| First Asian Bank, Las Vegas |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Citizens Community Bank, Ridgewood, N.J. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| America West Bank, Layton, Utah |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Lehman Brothers Commercial Bank, Salt Lake City |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Peoples Bank, Elkhorn, Wis. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued a final cease-and-desist order against the institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| The Columbian Bank and Trust Company, Topeka, Kan.; |
FDIC |
na |
na |
The FDIC terminated a cease-and-desist order against the bank. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Richton Bank & Trust, Richton, Miss |
FDIC |
na |
na |
The FDIC terminated a cease-and-desist order against the bank. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Doral Bank, Catano, Puerto Rico |
FDIC |
na |
na |
The FDIC terminated a cease-and-desist order against the bank. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Amerika Samoa Bank, Pago Pago, American Samoa |
FDIC |
na |
na |
The FDIC issued a final removal-and-prohibition order against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| State Bank of Illinois, West Chicago, Ill |
FDIC |
na |
na |
The FDIC issued a final removal-and-prohibition order against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Burlington Bank and Trust, Burlington, Iowa |
FDIC |
na |
na |
The FDIC issued a final removal-and-prohibition order against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Maryland Financial Bank, Towson, Md. |
FDIC |
na |
na |
The FDIC issued a final removal-and-prohibition order against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Commercial Bank, St. Louis |
FDIC |
na |
na |
The FDIC issued a final removal-and-prohibition order against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Citizens Bank of Pennsylvania, Philadelphia |
FDIC |
na |
na |
The FDIC issued a final removal-and-prohibition order against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| North Fork Bank, Mattituck, N.Y. |
FDIC |
na |
na |
The FDIC issued a final removal-and-prohibition order against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| State Bank of Cross Plains, Cross Plains, Wis. |
FDIC |
na |
na |
The FDIC issued a final removal-and-prohibition order against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Union State Bank, Pell City, Ala. |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| The Mahopac National Bank, Mahopac, N.Y. |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Banco Popular North America, New York |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| The Bank of Commerce, Ammon, Idaho |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Iroquois Farmers State Bank, Iroquois, Ill. |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| The Security State Bank, Wellington, Kan. |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Independence Bank of Kentucky, Owensboro, Ky. |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Pacific Continental Bank, Eugene, Ore. |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Umpqua Bank, Roseburg, Ore. |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| TSB Bank, Lomira, Wis. |
FDIC |
na |
na |
A final order for civil money penalties was issued by the FDIC against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers110308.asp |
| Alliance Bancshares California |
Federal Reserve Bank of San Francisco |
Board of Governors of the Federal Reserve System Washington, D.C. |
na |
Alliance Bancshares California has entered into an agreement with the Federal Reserve Bank of San Francisco to conserve capital, comply with laws and regulations and shore up operations. |
Written Agreement by and between Alliance Bancshares California, Culver City, California, and Federal Reserve Bank of San Francisco, San Francisco, California. |
Docket No. 08-040-WA/RB-HCcial Group |
Oct. 16, 2008 |
www.mortgagedaily.com/Mergers110308.asp |
| AmericasBank |
Federal Reserve Bank of Richmond and Maryland Division of Financial Regulation |
Board of Governors of the Federal Reserve System Washington, D.C. |
na |
AmericasBank entered into an agreement with the Federal Reserve Bank of Richmond and the Maryland Division of Financial Regulation to conserve capital and reduce credit risk. |
Written Agreement by and among AmericasBank, Towson, Maryland, Federal Reserve Bank of Richmond, Richmond, Va., and Maryland Division of Financial Regulation, Baltimore, Maryland. |
Docket No. 08-026-WA/RB-SMcial Group |
Oct. 16, 2008 |
www.mortgagedaily.com/Mergers102108.asp |
| Irwin Financial Corp. and Irwin Union Bank & Trust Co. |
Federal Reserve Bank of Chicago |
na |
na |
Irwin entered an agreement with the Federal Reserve Bank of Chicago to improve capital and liquidity and strengthen board oversight of management. The agreement also calls for a diversification of funding sources and pre-approval for any capital outlays — including dividend payments. |
na |
na |
na |
www.mortgagedaily.com/mergers101408.asp |
| Bank of Tokyo-Mitsubishi UFJ Trust Co. |
FDIC |
na |
na |
A 2006 order issued over weaknesses in the bank’s Bank Secrecy Act and Anti-Money Laundering compliance program was lifted by the Federal Deposit Insurance Corporation. |
na |
na |
na |
www.mortgagedaily.com/mergers101408.asp |
| Investment banking subsidiaries of Bank of America Corp. |
Securities and Exchange Commission |
na |
$4,700,000,000 |
Investment banking subsidiaries of Bank of America Corp. have agreed to a settlement with the Securities and Exchange Commission that would provide 5,500 individual investors, small businesses and small charities the opportunity to sell back to Bank of America up to $4.7 billion in auction rate securities. |
na |
na |
na |
www.mortgagedaily.com/mergers101408.asp |
| Parkway Bank, Rogers, Ariz. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Mizrahi Tefahot Bank Ltd, Los Angeles |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Pan American Bank, Los Angeles |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| McClave State Bank, McClave, Colo. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Strategic Capital Bank, Champaign, Ill. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Chestatee State Bank, Dawsonville, Ga. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Lake Community Bank, Long Lake, Minn. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| The Home Savings and Loan Company, Youngstown, Ohio |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Libertad Bank, SSB, Austin, Texas |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Sallie Mae Bank, Murray, Utah |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Bank Reale, Pasco, Wash. |
FDIC |
na |
na |
The Federal Deposit Insurance Corporation issued cease-and-desist orders against this institution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Bank of the West, San Francisco |
FDIC |
na |
na |
A removal-and-prohibition order was issued by the FDIC against this insititution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| First State Bank of North Dakota, Arthur, N.D. |
FDIC |
na |
na |
A removal-and-prohibition order was issued by the FDIC against this insititution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Branch Banking and Trust Company of South Carolina, Greenville, S.C. |
FDIC |
na |
na |
A removal-and-prohibition order was issued by the FDIC against this insititution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Farmers State Bank, Center, Texas |
FDIC |
na |
na |
A removal-and-prohibition order was issued by the FDIC against this insititution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Texas First State Bank, Riesel, Texas |
FDIC |
na |
na |
A removal-and-prohibition order was issued by the FDIC against this insititution. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Evabank, Eva, Ala. |
FDIC |
na |
na |
The FDICÂ issued a civil money penalty against this company. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Savings Bank of Mendocino County, Ukiah, Calif. |
FDIC |
na |
na |
The FDICÂ issued a civil money penalty against this company. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Lafayette Community Bank, Lafayette, Ind. |
FDIC |
na |
na |
The FDICÂ issued a civil money penalty against this company. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| TriCentury Bank, Simpson, Kan. |
FDIC |
na |
na |
The FDICÂ issued a civil money penalty against this company. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Saco & Biddeford Savings Institution, Saco, Maine |
FDIC |
na |
na |
The FDICÂ issued a civil money penalty against this company. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Stoughton Co-operative Bank, Stoughton, Mass. |
FDIC |
na |
na |
The FDICÂ issued a civil money penalty against this company. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Cambridge State Bank,, Cambridge, Wis. |
FDIC |
na |
na |
The FDICÂ issued a civil money penalty against this company. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Morris Building and Loan, S.B., Morris, Ill. |
FDIC |
na |
na |
The FDIC terminated a cease-and-desist order against the bank. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| State Bank & Trust Co., Harrodsburg, Ky. |
FDIC |
na |
na |
The FDIC terminated a cease-and-desist order against the bank. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| First State Bank of Kensington, Kensington, Minn. |
FDIC |
na |
na |
The FDIC terminated a cease-and-desist order against the bank. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| The Greene County Bank, Strafford, Mo. |
FDIC |
na |
na |
The FDIC terminated a cease-and-desist order against the bank. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Twin City Bank, Longview, Wash. |
FDIC |
na |
na |
The FDIC terminated a cease-and-desist order against the bank. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Vineyard National Bancorp |
Federal Reserve Bank of San Francisco |
na |
na |
An agreement with the Federal Reserve Bank of San Francisco calls for the bank to conserve capital and consult with the Fed before it makes any changes to its board or management. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Beazer Homes USA Inc. |
Securities and Exchange Commission |
na |
na |
The parent of Beazer Mortgage Corp. settled an SEC investigation and consented to a cease-and-desist order. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Fannie Mae |
U.S. Attorneys office |
Southern District of New York |
na |
A subpoena was issued by the U.S. Department of Justice seeking documents and the preservation. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Freddie Mac |
U.S. Attorneys office |
Southern District of New York |
na |
A subpoena was issued by the U.S. Department of Justice seeking documents and the preservation. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Community Bank, Blountsville, Ala. |
FDIC |
na |
na |
Removal-and-prohibition orders were issued by the FDIC against this bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Columbus Bank and Trust Co., Columbus, Ga. |
FDIC |
na |
na |
Removal-and-prohibition orders were issued by the FDIC against this bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Rockland Trust Co., Rockland, Mass. |
FDIC |
na |
na |
Removal-and-prohibition orders were issued by the FDIC against this bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Merchants and Farmers Bank, Kosciusko, Miss. |
FDIC |
na |
na |
Removal-and-prohibition orders were issued by the FDIC against this bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Bank of Nevada, Las Vegas |
FDIC |
na |
na |
Removal-and-prohibition orders were issued by the FDIC against this bank. |
na |
na |
na |
www.mortgagedaily.com/Regulatory121508.asp |
| Bank of Romney |
Federal Reserve |
na |
$2,750 |
Alleged violations of National Flood Insurance Act rules led to a Fed consent order of assessment. |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| John H. Lohmeier |
Federal Reserve Board |
na |
na |
A consent order of prohibition issued by the Federal Reserve Board against the former executive of Hinsbrook Bank & Trust in Oakbrook, Ill., was tied to allegations he used bank funds and non-public customer information from a bank computer server to start-up his own non-depository trust company. |
na |
na |
October 9, 2008 |
www.mortgagedaily.com/mergers101408.asp |
| Donald W. Linville |
Federal Reserve Board |
na |
na |
A consent order of prohibition issued against a former senior vice president at Compass Bank in Birmingham, Ala., by the Federal Reserve Board was based on alleged alterations of appraisals, loan applications and guaranty records — which led to substantial bank losses |
na |
na |
na |
www.mortgagedaily.com/Mergers100208.asp |
| Premier Capital Lending Inc., Debra Stiles |
FTC |
Federal Trade Commission |
na |
An FTC settlement Premier Capital alleged it enabled a home seller to regularly use its credit bureau access without establishing procedures to ensure private data was protected. A computer hacker eventually gained unauthorized access to dozens of credit reports and pulled hundreds more. |
In the Matter of Premier Capital Lending, Inc., a corporation, and Debra Stiles, individually and as an officer of the corporation. |
FTC File No. 0723004 |
na |
www.mortgagedaily.com/PrivacyPremier110608.asp |
