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Regulatory Litigation and Actions Third Quarter 2008 Mortgage Litigation Report

Mortgage Daily

Published On: December 1, 2008

Regulatory Litigation and Actions
Third Quarter 2008 Mortgage Litigation Report

Regulator actions against financial institutions and mortgage licensees.

Defendant	Plaintiff	Court	Amount	Overview	Case Title	Case Number	Date Filed	Link to Story
Granite Community Bank N.A.	Office of the Comptroller of the Currency	na	na	Formal agreements were reached with eight banks and the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
1st American Inc. and owner Eric Otterholt	Oregon Division of Finance and Corporate Securities	na	$26,000 in fines were suspended	Portland-based 1st American Inc. and owner Eric Otterholt were ordered to cease and desist from unethical practices and failing to supervise. The action was prompted by an originator at the company who provided inaccurate loan documents that indicated more funds were available than what actually occurred.	na	na	na	https://www.mortgagedaily.com/OregonLicenses081408.asp
ABN AMRO Bank N.V.	Federal Reserve Board	na	na	The Federal Reserve Board announced that it terminated a cease-and-desist order against ABN AMRO Bank N.V., Amsterdam, The Netherlands on Sept. 10.	ABN AMRO Bank N.V., Amsterdam, The Netherlands	na	Cease and Desist Order dated December 19, 2005.	https://www.mortgagedaily.com/Mergers091808.asp
Allegiance Mortgage LLC and Brian Fallini	Oregon Division of Finance and Corporate Securities	na	$50,000 fine	A cease-and-desist order was issued against Allegiance Mortgage LLC. In addition, the mortgage broker’s lending license was revoked and the company, along with owner Brian Fallini, was fined $50,000.	na	na	na	https://www.mortgagedaily.com/OregonLicenses081408.asp
American Bank and Trust Co.	Federal Deposit Insurance Corporation	na	na	The FDIC terminated cease-and-desist orders for three banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
American National Bank	Office of the Comptroller of the Currency	na	na	A formal agreement was reached with The American National Bank of Beaver Dam in Wisconsin.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
BancorpSouth Bank	Federal Deposit Insurance Corporation	na	na	FDIC reported it issued a removal-and-prohibition order against BancorpSouth Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
BancorpSouth Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalty was issued against BancorpSouth Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Bank of Moundville	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Bank of Prairie Du Sac.	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Bank of the Bluegrass and Trust Co.	Federal Deposit Insurance Corporation	na	na	The FDIC issued cease-and-desist orders against six banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Bank of the West	Federal Deposit Insurance Corporation	na	na	FDIC reported it issued a removal-and-prohibition order against Bank of the West.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Bank of York	Federal Reserve Board	na	na	The Federal Reserve Board terminated a cease-and-desist order issued in 2006 against Bank of York, York, Ala.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
BankHaven	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation issued cease-and-desist orders against five banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Beardstown Savings s.b.	Federal Deposit Insurance Corporation	na	na	FDIC terminated a cease-and-desist order against Beardstown Savings s.b.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Bobby L. Hoeft, Jr. (Farmers State Bank)	Federal Deposit Insurance Corporation	na	na	The FDIC issued removal and prohibition orders against six individuals.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Border Capital Bank N.A.	Office of the Comptroller of the Currency	na	na	Formal agreements were reached with eight banks and the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Bridgewater Bank	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Capital Corp. of the West and subsidiary County Bank	Federal Reserve Bank of San Francisco	The Board of Governors of the Federal Reserve System	na	Capital Corp. of the West and its subsidiary entered into a written agreement with the Federal Reserve Bank of San Francisco to enhance risk management and preserve capital.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Carolyn M. Helmig (The Granville National Bank	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Centier Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalty was issued against Centier Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Charles W. Helmig III (The Granville National Bank)	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Choice Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalty was issued against Choice Bank, Oshkosh, Wis.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Citizens Bank of Pennsylvania	Federal Deposit Insurance Corporation	na	na	FDIC reported it issued a removal-and-prohibition order against Citizens Bank of Pennsylvania.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Clarkston State Bank	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation issued cease-and-desist orders against five banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Clyde H. Bookheimer (Fulton County National Bank and Trust Co.)	Office of the Comptroller of the Currency	na	na	Removal and prohibition orders were issued by OCC against Clyde H. Bookheimer, The Fulton County National Bank and Trust Co., McConnellsburg, Penn.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Clyde H. Bookheimer (Fulton County National Bank and Trust Company)	Office of the Comptroller of the Currency	na	na	The OCC announced it issued civil money penalty orders against Clyde H. Bookheimer of The Fulton County National Bank and Trust Company in McConnellsburg, Fla.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Columbian Bank and Trust Co.	Federal Deposit Insurance Corporation	na	na	The FDIC issued cease-and-desist orders against six banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Columbian Financial Corp.	Federal Reserve Bank of Kansas City	Board of Governors of the Federal Reserve System, Washington, D.C.	na	On Aug. 7, Columbian had entered an agreement with the Federal Reserve Bank of Kansas City to conserve capital.	Written Agreement by and between Columbian Financial Corporation, Overland Park, Kansas, and Federal Reserve Bank of Kansas City, Kansas City, Missouri	Docket No. 08-017-WA/RB-HC	na	https://www.mortgagedaily.com/Mergers082608.asp
Columbus Bank and Trust Company	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation issued a final order for restitution was issued against Columbus Bank and Trust Company, Columbus, Ga.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Columbus Bank and Trust Company	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation issued cease-and-desist orders against five banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Columbus Bank and Trust Company	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Community Bank of West Georgia	Federal Reserve Bank of Atlanta and Banking Commissioner of the State of Georgia	Board of Governors of the Federal Reserve System	n	Community Banks entered an agreement with banking regulators to conserve capital and strengthen loan management.	Written Agreement by and among Community Bank of West Georgia, Villa Rica, Georgia; Federal Reserve Bank of Atlanta, Atlanta, Georgia; and Banking Commissioner of the State of Georgia, Atlanta, Georgia.	Docket No. 08-22-WA/RB-SM	Sept. 11, 2008	https://www.mortgagedaily.com/Mergers092408.asp
Community Banks of Northern California	Federal Reserve Bank of Kansas City and the California Department of Financial Institutions,	Board of Governors of the Federal Reserve System	n	Community Banks entered an agreement with banking regulators to conserve capital and strengthen loan management.	Written Agreement by and among Community Banks of Northern California, Tracy, California; Federal Reserve Bank of Kansas City, Kansas City, Missouri; and Department of Financial Institutions, State of California, Sacramento, California.	Docket No. 08-029-WA/RB-SM	Sept. 12, 2008	https://www.mortgagedaily.com/Mergers092408.asp
Community National Bank.	Office of the Comptroller of the Currency	na	na	Community National Bank in North Branch, Minn., received a prompt corrective action directive from the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Community State Bank	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Cornerbank N.A.	Office of the Comptroller of the Currency	na	na	Formal agreements were reached with eight banks and the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Dale M. Pedretti (Fortress Bank)	Federal Deposit Insurance Corporation	na	na	The FDIC issued removal and prohibition orders against six individuals.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Daniel J. Wujek (The Granville National Bank)	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Dara B. Brackett (Lincoln National Bank of Hodgenville)	Office of the Comptroller of the Currency	na	na	Removal and prohibition orders were issued by OCC against Dara B. Brackett at The Lincoln National Bank of Hodgenville in Kentucky.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Darby Bank and Trust Co.	Federal Deposit Insurance Corporation	na	na	Civil money penalty was issued against Darby Bank and Trust Co.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
David C. Holly (The Granville National Bank)	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Downey Financial Corp.	Office of Thrift Supervision	na	na	Downey Financial Corp. received a cease-and-desist order from the OTS. The action included the sale of real estate assets — generating $110 million in cash proceeds at a $68 million profit — and a dividend paid from a subsidiary that increased regulatory capital by $109 million.	Downey Financial Corp. Order to Cease and Desist, Office of Thrift Supervision	Order No. WE-08-013, OTS Docket No. H-2408	na	https://www.mortgagedaily.com/Mergers090908.asp
Earthstar Bank	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation announced it issued a cease-and-desist order against Earthstar Bank, Southampton, Penn.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Elizabeth Reilly (North Fork Bank)	Federal Deposit Insurance Corporation	na	na	The FDIC issued removal and prohibition orders against six individuals.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Empire Bank	Federal Deposit Insurance Corporation	na	na	FDIC reported it issued a removal-and-prohibition order against Empire Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Family Bank	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation announced it issued a cease-and-desist order against Family Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Farmers & Merchants Bank.	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Farmers State Bank, S/B	Federal Deposit Insurance Corporation	na	na	FDIC said removal-and-prohibition orders were issued against four banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Fidelity National Bank.	Office of the Comptroller of the Currency	na	na	OCC terminated formal agreements against Fidelity National Bank in Medford, Wis.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Fifth Street Bank	Federal Deposit Insurance Corporation	na	na	A voluntary termination of insurance was issued against Fifth Street Bank, Las Vegas.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
First BanCorp	Federal Reserve Board	na	na	The Federal Reserve Board announced the termination of a cease-and-desist order issued in 2006 against First BanCorp, Santurce, Puerto Rico.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
First Bank of Delaware	Federal Deposit Insurance Corporation	na	na	The FDIC issued cease-and-desist orders against six banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
First Community Bank	Federal Deposit Insurance Corporation	na	na	The FDIC terminated cease-and-desist orders for three banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
First Georgia Community Corp. and First Georgia Community Bank	Federal Reserve Bank of Atlanta and Banking Commissioner of the State of Georgia	Board of Governors of the Federal Reserve System	n	First Georgia entered an agreement with banking regulators to conserve capital and strengthen loan management.	Written Agreement by and among First Georgia Community Corp., Jackson, Georgia; First Georgia Community Bank, Jackson, Georgia; Federal Reserve Bank of Atlanta, Atlanta, Georgia; and Banking Commissioner of the State of Georgia, Atlanta, Georgia.	Docket No. 08-023-WA/RB-HC and 08-023-WA/RB-SM	Sept. 11, 2008	https://www.mortgagedaily.com/Mergers092408.asp
First National Bank	Office of the Comptroller of the Currency	na	na	Formal agreements were reached with eight banks and the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
First National Bank of Arizona	Office of the Comptroller of the Currency	na	na	A cease-desist order against First National Bank of Arizona was terminated.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
First National Bank of Manchester	Office of the Comptroller of the Currency	na	na	A formal agreement was reached with First National Bank of Manchester,	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
First Priority Bank	Federal Deposit Insurance Corporation	na	na	A prompt corrective action was issued against First Priority Bank in Bradenton, Fla.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
First Security Trust Bank, Inc.	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
First Trust and Savings Bank	Federal Deposit Insurance Corporation	na	na	FDIC reported it issued a removal-and-prohibition order against First Trust and Savings Bank, Oneida, Tenn.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Firstmerit Bank N.A.	Office of the Comptroller of the Currency	na	na	A cease-desist order against Firstmerit Bank N.A. in Akron, Ohio, was terminated.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Gainsville Bank & Trust	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Great Eastern Bank of Florida	Federal Deposit Insurance Corporation	na	na	FDIC terminated a cease-and-desist order against Great Eastern Bank of Florida.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Greene County Bank	Federal Deposit Insurance Corporation	na	na	FDIC said removal-and-prohibition orders were issued against four banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Greene County Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Hastings State Bank.	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation issued cease-and-desist orders against five banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Hebron Savings Bank	Federal Deposit Insurance Corporation	na	na	FDIC reported it issued a removal-and-prohibition order against Hebron Savings Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Home National Bank	Office of the Comptroller of the Currency	na	na	Formal agreements were reached with eight banks and the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Hubert J. Mennie (The Granville National Bank)	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Intercredit Bank N.A.	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Jackson County Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Jeffrey S. Ray (First National Bank of Muhlenberg County).	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Karyn L. Burton (Whitesville State Bank)	Federal Deposit Insurance Corporation	na	na	The FDIC issued removal and prohibition orders against six individuals.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Katherine Bohorquez of Bank VI	Federal Deposit Insurance Corporation	na	na	The FDIC issued removal and prohibition orders against six individuals.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Kelly D. Bullock (Citizens Bank)	Federal Deposit Insurance Corporation	na	na	The FDIC issued removal and prohibition orders against six individuals.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Landmark Community Bank N.A.	Office of the Comptroller of the Currency	na	na	Formal agreements were reached with eight banks and the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Linden Home Loans and its two owners, Christopher Opdyke and Mark Sullivan	Washington Department of Financial Institutions	na	$75,000 fine and costs of $4,000.	Linden Home Loans and its two owners entered into to a consent order with the state’s Department of Financial Institutions. While Linden allegedly advertised itself on television as the “home of the 1 percent mortgage” with no points and fees, the state claimed that its investigation found no borrowers actually received these terms. In addition, Linden was accused of failing to make required disclosures.	In the Matter of Determining Whether there has been a violation of Mortgage Broker Practices Act of Washington by: Linden Loans LLC, doing business as Linden Home Loans, and Christopher W. Opdyke and Mark S. Sullivan, as sole owners and members of Linden Loans LLC	No. C-07-366-08-CO01	Dec. 14, 2007	https://www.mortgagedaily.com/WashingtonFines080808.asp
Liu H. Saephan (Bank of America N.A.)	Office of the Comptroller of the Currency	na	na	OCC issued removal and prohibition orders against Liu H. Saephan at Bank of America N.A. in Charlotte, N.C.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Main Street Bank	Federal Deposit Insurance Corporation	na	na	The FDIC issued cease-and-desist orders against six banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Mercantile-Safe Deposit and Trust Co.	Federal Deposit Insurance Corporation	na	na	FDIC said removal-and-prohibition orders were issued against four banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Meridian Bank	Federal Deposit Insurance Corporation	na	na	The FDIC issued cease-and-desist orders against six banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
MetroPacific Bank	Federal Deposit Insurance Corporation	na		The Federal Deposit Insurance Corporation issued cease-and-desist orders against five banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Mission Bank	Federal Deposit Insurance Corporation	na	na	An order terminating a cease-and-desist order was issued for Mission Bank in Kingman, Ariz.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
National Credit Union Administration	American Bankers Association et al	U.S. District Court for Middle District of Pennsylvania		A Pennsylvania federal court ruling found the National Credit Union Administration went too far in establishing a 3,400-square-mile area as well-defined for determining credit union membership.	American Bankers Association et al v. National Credit Union Administration	1:05-cv-02247-YK	Nov. 1, 2005	https://www.mortgagedaily.com/Mergers072308.a
Newnan Coweta Bancshares Inc. and subsidiary Neighborhood Community Bank	Federal Reserve Bank	na	na	Newnan Coweta Bancshares Inc. and subsidiary Neighborhood Community Bank have entered into an agreement with the Federal Reserve Bank to conserve capital. The bank has agreed to take steps to improve its operations and management and report back to the fed.	“Written Agreement by and among Newnan Coweta Bancshares Inc., Newnan Georgia, Neighborhood Community Bank, Newnan, Georgia, Federal Reserve Bank of Atlanta, Atlanta Georgia, and Banking Commissioner of the State of Georgia, Atlanta, Georgia	Docket Nos. 08-018-WA/RB-HC, 08-018-WA/RB-SM	September 2, 2008	https://www.mortgagedaily.com/Mergers091208.asp
Northern Trust N.A.	Office of the Comptroller of the Currency	na	na	The OCC announced it issued civil money penalty orders against Northern Trust N.A. in Miami.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Northland National Bank	Office of the Comptroller of the Currency	na	na	The OCC announced cease-and-desist orders were issued against Northland National Bank Gladstone, Mo.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Ocean Bank.	Federal Deposit Insurance Corporation	na	na	A modification was issued by the FDIC against Ocean Bank, Miami.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Oxford Bank	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation announced it issued a cease-and-desist order against Oxford Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Pacific Crest Funding Inc. and co-owner, Dean Schmidt	Oregon Division of Finance and Corporate Securities	na	Pacific Crest Funding Inc was fined $20,000 ($10,000 suspended); Schmidt was fined $5,000 ($4,000 suspended).	Pacific Crest Funding Inc., faced a cease-and-desist order for failing to supervise one loan officer and failing to ensure that its originating co-owner, Dean Schmidt, completed required training.	na	na	na	https://www.mortgagedaily.com/OregonLicenses081408.asp
Phillip C. Carlson (The Granville National Bank	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Pinnacle Bank	Federal Deposit Insurance Corporation	na	na	The Federal Deposit Insurance Corporation announced it issued a cease-and-desist order against Pinnacle Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Premier Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Preston G. Smith (The First National Bank)	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Prime Alliance Bank	Federal Deposit Insurance Corporation	na	na	FDIC terminated a cease-and-desist order against Prime Alliance Bank, Woods Cross, Utah.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Republic Federal Bank N.A.	Office of the Comptroller of the Currency	na	na	A formal agreement was reached with Republic Federal Bank N.A.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Richard Abrams (Seaway National Bank)	Office of the Comptroller of the Currency	na	na	OCC issued civil money penalty orders were issued against several banks or individuals.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
RidgeStone Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalty was issued against RidgeStone Bank.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Roslyn Y. Terry	Federal Reserve Board	The Board of Governors of the Federal Reserve System	na	A consent order of prohibition was issued by the Federal Reserve Board against a former employee and institution-affiliated party of SunTrust Bank. The order was based on her alleged participation in violations of law, unsafe and unsound banking practices, and breaches of fiduciary duty in connection with her embezzlement of funds from the bank and falsification of the bank’s books and records.	In re the Matter of Roslyn Y. Terry	Docket No. 08-016-E-1	August 29, 2008	https://www.mortgagedaily.com/Mergers090908.asp
Royal Bank America	Federal Deposit Insurance Corporation	na	na	FDIC reported it issued a removal-and-prohibition order against Royal Bank America.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Royal Bank America	Federal Deposit Insurance Corporation	na	na	Civil money penalty was issued against Royal Bank America.	na	na	na	https://www.mortgagedaily.com/Mergers070108.asp
Rural American Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Sanderson State Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Security Pacific Bancorp	Federal Reserve Bank of San Francisco	Board of Governors of the Federal Reserve System, Washington, D.C.	na	Security Pacific Bancorp entered an agreement with the Federal Reserve Bank of San Francisco to conserve capital earlier this month as a result of an inspection by the Fed in May. The agreement calls for an acceptable capital conservation plan to be submitted within 60 days, while an operational improvement planned is required within 90 days.	Security Pacific Bancorp, Los Angeles, California and Federal Reserve Bank of San Francisco, San Francisco, California	Docket No. 08-019-WA/RB-HC	Aug. 14, 2008	https://www.mortgagedaily.com/Mergers090208.asp
Security State Bank	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Sloan State Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Standing Stone National Bank	Office of the Comptroller of the Currency	na	na	Formal agreements were reached with eight banks and the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
State Bank of Belle Plaine	Federal Deposit Insurance Corporation	na	na	The FDIC terminated cease-and-desist orders for three banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
SussexBank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
T Bank N.A.	Office of the Comptroller of the Currency	na	na	The Office of the Comptroller of the Currency issued cease-and-desist orders were issued against three banks.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
The Bank of Madison	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
The First National Bank	Office of the Comptroller of the Currency	na	na	OCC terminated formal agreements against The First National Bank – Fox Valley in Neenah, Wis.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
The First National Bank of Logan	Office of the Comptroller of the Currency	na	na	The Office of the Comptroller of the Currency issued cease-and-desist orders were issued against three banks.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
The First National Bank of Trenton.	Office of the Comptroller of the Currency	na	na	Formal agreements were reached with eight banks and the OCC.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
The Heights Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
The Union Bank	Federal Deposit Insurance Corporation	na	na	Civil money penalties were issued against 12 banks by the FDIC.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Timberland Bank	Federal Deposit Insurance Corporation	na	na	The FDIC issued cease-and-desist orders against six banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Timberwood Bank	Federal Deposit Insurance Corporation	na	na	FDIC said removal-and-prohibition orders were issued against four banks.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
United Valley Bank	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Universal Savings Bank FA	Federal Deposit Insurance Corporation	na	na	A voluntary termination of insurance was issued against Universal Savings Bank FA, Milwaukee, Wis.	na	na	na	https://www.mortgagedaily.com/Mergers080808.asp
Upstate National Bank	Office of the Comptroller of the Currency	na	na	The OCC announced cease-and-desist orders were issued against The Upstate National Bank in Lisbon, N.Y.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Vineyard Bank N.A.	Office of the Comptroller of the Currency	na	na	The Office of the Comptroller of the Currency issued cease-and-desist orders were issued against three banks.	na	na	na	https://www.mortgagedaily.com/Mergers081308.asp
Walter Jones (Bank of America N.A.)	Office of the Comptroller of the Currency	na	na	Removal and prohibition orders were issued by OCC against Walter Jones, Bank of America N.A. in Charlotte, N.C.	na	na	na	https://www.mortgagedaily.com/Mergers072908.asp
Wells Fargo Bank N.A.	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp
Western State Bank	Federal Deposit Insurance Corporation	na	na	The FDIC issued civil money penalties against ten Banks.	na	na	na	https://www.mortgagedaily.com/Mergers090208.asp

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