Banking regulators recently reported that more than 100 regulatory orders have been issued against U.S. financial institutions — including 56 cease-and-desist orders, 34 civil money penalties and 27 removal-and-prohibition orders.
The Federal Deposit Insurance Corporation reported that it processed a total of 64 matters in July and 48 in August.
The Office of the Comptroller of the Currency issued a capital directive (No. 2009-114) on Aug. 12 to First Suburban National Bank in Maywood, Ill.
Cease-and-desist orders were issued against the following institutions. Bank failures are often preceded by such orders.
Cease-and-Desist Orders
| Company | Regulator | Location | Order No. | Date |
| Advantage Bank | FDIC | Cambridge, Ohio | FDIC-09-195b | July 31 |
| Anchor Mutual Savings Bank | FDIC | Aberdeen, Wash. | FDIC-09-142b | Aug. 12 |
| Bank of Granite | FDIC | Granite Falls, N.C. | FDIC-09-358b | Aug. 27 |
| Bank of Ontario | FDIC | Ontario, Wis. | FDIC-09-160b | July 30 |
| Bank of Tacoma | FDIC | Tacoma, Wash. | FDIC-09-176b | Aug. 11 |
| Bank of the Cascades | FDIC | Bend, Ore. | FDIC-09-437b | Aug. 27 |
| Bankers’ Bancorp Inc., Independent Bankers’ Bank | Federal Reserve Board, Illinois Department of Financial and Professional Regulation, Division of Banking | Springfield, Ill. | 09-136-B-HC, 09-136-B-SM, 2009-DB-85 | Sept. 24 |
| Border Trust Co. | FDIC | Augusta, Maine | FDIC-09-285b | Aug. 12 |
| CIT Bank | FDIC | Salt Lake City, Utah | FDIC-09-337b | July 16 |
| Citizens State Bank | FDIC | Hudson, Wis. | FDIC-09-261b | July 24 |
| Commerce Bank of Southwest Florida | FDIC | Fort Myers, Fla. | FDIC-09-113b | July 9 |
| Commercial State Bank of El Campo | FDIC | El Campo, Texas | FDIC-09-262b | July 1 |
| Community Bank of Arizona | FDIC | Phoenix | FDIC-09-247b | July 22 |
| Community Security Bank | FDIC | New Prague, Minn. | FDIC-09-209b | Aug. 3 |
| Desert Hills Bank | FDIC | Phoenix | FDIC-09-167b | July 2 |
| First Midwest Bank | FDIC | Centerville, S.D. | FDIC-09-200b | July 15 |
| First Resource Bank | FDIC | Savage, Minn. | FDIC-09-263b | Aug. 31 |
| First Standard Bank | FDIC | Los Angeles | FDIC-09-349b | Aug. 5 |
| Golden State Bank | FDIC | Upland, Calif. | FDIC-09-351b | Aug. 17 |
| Georgian Bank (failed Sept. 25) | FDIC | Atlanta | FDIC-09-231b | Aug. 31 |
| Goshen Community Bank | FDIC | Goshen, Ind. | FDIC-09-296b | Aug. 21 |
| Gwinnett Community Bank | FDIC | Duluth, Ga. | FDIC-09-223b | Aug. 31 |
| Heritage Bank of North Florida | FDIC | Orange Park, Fla. | FDIC-09-227b | Aug. 4 |
| Hometown National Bank | OCC | Longview, Wash. | 2009-120 | July 29 |
| InBank | FDIC | Oak Forest, Ill. | FDIC-09-275b | Aug. 7 |
| Irwin Financial Corp., Irwin Union Bank and Trust Co. (failed) | Federal Reserve Board, Indiana Department of Financial Institutions | Columbus, Ind. | 09-126-B-HC, 09-126-B-SM | Sept. 15 |
| LibertyPointe Bank | FDIC | New York | FDIC-09-112b | July 16 |
| MBank | FDIC | Gresham, Ore. | FDIC-09-216b | July 1 |
| Mesa Bank | FDIC | Mesa, Ariz. | FDIC-09-106b | July 8 |
| Mother Lode Bank | FDIC | Sonora, Calif. | FDIC-09-313b | Aug. 28 |
| Mt. Washington Co-Operative Bank | FDIC | South Boston, Mass. | FDIC-09-311b | July 14 |
| NexBank, SSB | FDIC | Dallas | FDIC-09-303b | Aug. 19 |
| North County Bank | FDIC | Arlington, Wash. | FDIC-09-362b | Aug. 18 |
| Northern Star Bank | FDIC | Mankato, Minn. | FDIC-09-288b | July 24 |
| Northside Bank | FDIC | Adairsville, Ga. | FDIC-09-082b | July 9 |
| Oconee State Bank | FDIC | Watkinsville, Ga. | FDIC-09-221b | Aug. 18 |
| The Ohio State Bank | FDIC | Marion, Ohio | FDIC-09-242b | Aug. 7 |
| Orion Bancorp Inc., Orion Bank | Federal Reserve Bank of Atlanta, State of Florida Office of Financial Regulation | Naples, Fla. | 09-138-B-HC, 09-138-B-SM | Sept. 18 |
| Pacific Coast National Bank | OCC | San Clemente, Calif. | 2009-115 | Aug. 18 |
| Pacific National Bank | OCC | San Francisco | 2009-117 | Aug. 25 |
| Park National Bank | OCC | Chicago | 2009-119 | Aug. 26 |
| Peoples National Bank | OCC | Colorado Springs, Colo. | 2009-118 | Aug. 27 |
| Professional Business Bank | FDIC | Pasadena, Calif. | FDIC-09-371b | Aug. 24 |
| Providence Bank | FDIC | Alpharetta, Ga. | FDIC-09-222b | Aug. 18 |
| Ravenswood Bank | FDIC | Chicago | FDIC-09-155b | July 15 |
| Royal Bank America | FDIC | Narberth, Pa. | FDIC-09-282b | July 16 |
| San Diego National Bank | OCC | San Diego | 2009-116 | Aug. 24 |
| Security Bank | FDIC | New Auburn, Wis. | FDIC-09-111b | July 8 |
| Security State Bank of Lewiston | FDIC | Lewiston, Minn. | FDIC-09-199b | Aug. 20 |
| ShoreBank | FDIC | Chicago | FDIC-07-074b | July 14 |
| St. Stephen State Bank | FDIC | Saint Stephen, Minn. | FDIC-09-182b | July 14 |
| State Bank of Delano | FDIC | Delano, Minn. | FDIC-09-229b | July 24 |
| Twin City Bank | FDIC | Longview, Wash. | FDIC-09-401b | Aug. 28 |
| Utah Community Bank | FDIC | Sandy, Utah | FDIC-09-315b | July 16 |
| Ventura County Business Bank | FDIC | Oxnard, Calif. | FDIC-09-374b | Aug. 5 |
| Western Community Bank | FDIC | Orem, Utah | FDIC-09-368b | Aug. 24 |
The FDIC also issued temporary cease-and-desist orders on July 28 against Central Bank of Georgia (No. FDIC-09-128c&b) in Ellaville, Ga., and on Aug. 11 against failed Colonial Bank (No. FDIC-09-402c&b) in Montgomery, Ala.
The following civil money penalties were issued.
Civil Money Penalties
| Company | Regulator | Location | Order No. | Date | Amount |
| 1st State Bank | FDIC | Saginaw, Mich. | FDIC-08-374k | Aug. 4 | $3,080 |
| American River Bank | FDIC | Sacramento, Calif. | FDIC-09-339k | Aug. 13 | $7,770 |
| Bank of Walker County | FDIC | Jasper, Ala. | FDIC-09-332k | July 28 | $4,410 |
| Banner Banks | FDIC | Birnamwood, Wis. | FDIC-08-059k | Aug. 6 | $1,300 |
| The Business Bank | FDIC | Appleton, Wis. | FDIC-08-098k | July 7 | $2,310 |
| Cheyenne State Bank | FDIC | Cheyenne, Wyo. | FDIC-09-382k | Aug. 27 | $6,765 |
| Community Bank of Central Wisconsin | FDIC | Colby, Wis. | FDIC-09-038k | Aug. 12 | $7,200 |
| Community Business Bank | FDIC | Sauk City, Wis, | FDIC-08-226k | July 2 | $1,400 |
| Community Central Bank | FDIC | Mount Clemens, Mich. | FDIC-07-106k | Aug. 26 | $2,250 |
| Compass Bank | Federal Reserve Board | Birmingham, Ala. | 09-113-CMP-SM | Sept. 21 | $70,625 |
| Cornerstone Community Bank | FDIC | Chattanooga, Tenn. | FDIC-09-174k | Aug. 27 | $25,000 |
| Doral Bank | FDIC | San Juan, P.R. | FDIC-09-228k | July 8 | $38,030 |
| The Farmers Bank of Milton | FDIC | Milton, Ky. | FDIC-08-336k | July 2 | $3,500 |
| Farmers Trust & Savings Bank against Sara Jane Vriesen | FDIC | Buffalo Center, Iowa | FDIC-08-351k | July 28 | $5,000 |
| Fidelity Management Trust Co. | FDIC | Boston | FDIC-09-340 OA | Aug. 6 | $1,323 |
| First Bank & Trust Co. | Federal Reserve Board | Lebanon, Va. | 09-112-CMP-SM | Sept. 1 | $2,565 |
| The First National Bank of Stratton — Eugene L. Hase | OCC | Stratton, Colo. | 2009-121 | Aug. 20 | n.a. |
| Hillcrest Bank | FDIC | Overland Park, Kan. | FDIC-09-277k | July 28 | $8,000 |
| Independent Farmers Bank | FDIC | Maysville, Mo. | FDIC-09-274k | Aug. 13 | $1,500 |
| ISB Community Bank | FDIC | Ixonia, Wis. | FDIC-08-321k | July 22 | $4,190 |
| Main Street Bank Corp. | FDIC | Wheeling, W.V. | FDIC-09-259k | July 27 | $9,600 |
| Monroe Bank & Trust | FDIC | Monroe, Mich. | FDIC-07-216k | July 22 | $12,400 |
| People’s Bank and Trust Company of Pickett County | FDIC | Byrdstown, Tenn. | FDIC-09-327k | July 27 | $5,390 |
| Peoples Bank of Kentucky Inc. | FDIC | Flemingsburg, Ky. | FDIC-09-003k | Aug. 26 | $4,620 |
| Peoples State Bank | FDIC | Prairie Du Chien, Wis. | FDIC-08-250k | Dec. 23, 2008 | $8,265 |
| Prior Lake State Bank | FDIC | Prior Lake, Minn. | FDIC-09-218k | July 8 | $4,000 |
| Pyramis Global Advisors Trust Co. | FDIC | Merrimack, N.H. | FDIC-09-342 OA | Aug. 6 | $1,564 |
| Rainier Pacific Bank | FDIC | Tacoma, Wash. | FDIC-09-426k | Aug. 31 | $2,875 |
| Readlyn Savings Bank | FDIC | Readlyn, Iowa | FDIC-09-276k | Aug. 21 | $4,000 |
| Republic First Bank | FDIC | Philadelphia | FDIC-09-290k | July 9 | $8,750 |
| Sound Banking Co. | FDIC | Morehead City, N.C. | FDIC-09-140k | July 27 | $5,400 |
| Traders & Farmers Bank | FDIC | Haleyville, Ala. | FDIC-09-145k | July 2 | $4,000 |
| Union Bank and Trust Co. | Federal Reserve Board | Bowling Green, Va. | 09-111-CMP-SM | Sept. 1 | $3,990 |
| Waumandee State Bank | FDIC | Waumandee, Wis. | FDIC-09-002k | Aug. 24 | $13,090 |
Formal agreements were reached with the following institutions. Such agreements often require banks to conserve capital, improve operations and reduce credit risk. In some cases, agreements require the installment of new executives.
Formal Agreements
| Company | Regulator | Location | Order/Docket No. | Date |
| AmericanWest Bancorporation | Federal Reserve Bank of San Francisco | Spokane, Wash. | 09-121-WA/RB-HC | Sept. 15 |
| Capitol Bancorp Ltd., Capitol Bancorp Ltd.’s Second-Tier Bank Holding Companies | Reserve Bank of Chicago | Lansing, Mich. | 09-106-WA/RB-HC | Sept. 21 |
| Capital Community Bancorporation Inc. | Federal Reserve Bank of San Francisco | Provo, Utah | 09-120-WA/RB-HC | Sept. 10 |
| Century Bank of Florida | Federal Reserve Bank of Atlanta, State of Florida Office of Financial Regulation | Tampa, Fla. | 09-103-WA/RB-SM | Aug. 25 |
| Colorado Mountain Bank | Federal Reserve Bank of Kansas City, Colorado Division of Banking | Denver | 09-125-WA/RB-SM | Sept. 3 |
| Community Bankshares Inc. | Federal Reserve Bank of Atlanta, Banking Commissioner of the State of Georgia | Cornelia, Ga. | 09-131-WA/RB-HC | Sept. 16 |
| Connecticut Community Bank, National Association | OCC | Westport, Conn. | 2009-123 | July 27 |
| Eaton National Bank and Trust Co. | OCC | Eaton, Ohio | 2009-128 | Aug. 25 |
| FBOP Corp. | Federal Reserve Bank of Chicago | Oak Park, Ill. | 09-110-WA/RB-HC | Aug. 28 |
| First National Bancshares Inc. | Federal Reserve Bank of Kansas City | Goodland, Kan. | 09-135-WA/RB-HC | Sept. 10 |
| The First National Bank of Elk River | OCC | Maple Lake, Minn. | 2009-125 | July 14 |
| The First National Bank of Olathe | OCC | Olathe, Kan. | 2009-124 | Jan. 26 |
| Grand Bank, National Association | OCC | Hamilton, N.J. | 2009-126 | Aug. 4 |
| LegacyTexas Group Inc. | Federal Reserve Bank of Dallas, Texas Department of Banking | Plano, Texas | 09-100-WA/RB-HC, 09-100-WA/RB-SM | Aug. 18 |
| Metro Financial Services Inc., Metro Bank of Dade County | Federal Reserve Bank of Atlanta, State of Florida, Office of Financial Regulation | Miami | 09-102-WA/RB-HC, 09-102-WA/RB-SM, OFR Administrative File No. 0658-FI-08/09 | Aug;. 20 |
| Metrobank, N.A. | OCC | Houston | 2009-129 | Aug. 10 |
| Metropolitan National Bank | OCC | New York | 2009-127 | July 23 |
| Midwest Independent Bancshares Inc., Midwest Independent Bank | Federal Reserve Bank of St. Louis | Jefferson City, Mo. | 09-099-WA/RB-HC, 09-099-WA/RB-SM | Aug. 28 |
| Nebraska Bankers’ Bank | Federal Reserve Bank of Kansas City, Nebraska Department of Banking and Finance | Lincoln, Neb. | 09-066-WA/RB-SM | Aug. 5 |
| Northern Star Financial Inc. | FDIC | Mankato, Minn. | n.a. | n.a. |
| Northern Star Financial Inc. | Federal Reserve Bank of Minneapolis | Mankato, Minn. | 09-116-WA/RB-HC | Sept. 8 |
| Old Southern Bank | Federal Reserve Bank of Atlanta, State of Florida, Office of Financial Regulation | Orlando, Fla. | 09-123-WA/RB-SM, OFR Administrative File No. 0668-FI-08/09 | Sept. 17 |
| Security Financial Services Corp., Security Financial Bank | Federal Reserve Bank of Minneapolis, Wisconsin Department of Financial Institutions | Durand, Wis. | 09-109-WA/RB-HC, 09-109-WA/RB-SM | Sept 14 |
| Tennessee State Bancshares Inc., Tennessee State Bank | Federal Reserve Bank of Atlanta | Pigeon Forge, Tenn. | 09-115-WA/RB-HC, 09-115-WA/RB-SMM | Aug. 31 |
| UCBH Holdings Inc. | Federal Reserve Bank of San Francisco | San Francisco | 09-128-WA/RB-HC | Sept. 9 |
| Valley Bancorp Inc. | Federal Reserve Bank of Kansas City | Brighton, Colo. | 09-105-WA/RB-HC | Aug. 27 |
| Western National Bank | OCC | Phoenix | 2009-122 | July 15 |
Prompt corrective actions were issued against several institutions.
Prompt Corrective Actions
| Company | Regulator | Location | Order/Docket No. | Date |
| Affinity Bank | FDIC | Ventura, Calif. | FDIC-09-375PCAS | July 31 |
| American United Bank | FDIC | Lawrenceville, Ga. | FDIC-09-365PCAP | Aug. 13 |
| Bank 1st | FDIC | Albuquerque, N.M. | FDIC-09-463PCAS | Aug. 31 |
| First State Bank | FDIC | Sarasota, Fla. | FDIC-09-333PCAS | July 9 |
The following institutions faced recent removal-and-prohibition orders.
Removal-and-Prohibition Orders
| Company | Regulator | Location | Order/Docket No. | Date |
| Alpine Bank against Pamela J. Williams | FDIC | Glenwood Springs, Colo. | FDIC-08-093e | July 16 |
| Bank of America, National Association, against Tijaunia A. Wilmore | OCC | Charlotte, N.C. | FDIC 2009-130 | Aug. 5 |
| Bank of the West against Cassidy Janosky | FDIC | San Francisco | FDIC-08-134e | July 16 |
| Banner Bank against Juan Francisco Alejandro | FDIC | Walla Walla, Wash. | FDIC-08-237e | July 28 |
| Benton Banking Co. against Jimmy L. Goddard | FDIC | Benton, Tenn. | FDIC-08-003e | July 28 |
| Central Progressive Bank against Dwayne G. Deer | FDIC | Lacombe, La. | FDIC-08-057e | July 16 |
| Citizens Bank of Pennsylvania against Kern K. Haynes | FDIC | Philadelphia | FDIC-09-154e | July 28 |
| Farmers Trust & Savings Bank against Sara Jane Vriesen | FDIC | Buffalo Center, Iowa | FDIC-08-014e | July 28 |
| Harleysville Savings Bank against Jennifer M. McDermott | FDIC | Harleysville, Pa. | FDIC-09-220e | July 28 |
| International Bank of Commerce against Andrea N. Clawson | FDIC | Laredo, Texas | FDIC-08-298e | July 16 |
| Southside Bank against Amber Penner | FDIC | Tyler, Texas | FDIC-08-132e | July 16 |
| Virgin Islands Community Bank against Michael J. Dow Sr. | FDIC | Christiansted, St. Croix | FDIC-07-233e | July 16 |
Margo Harbridge faced a Final Order Granting Permission to File Section 19 Application and Approving Application for Consent to Participate in the Conduct of the Affairs of any Depository Institution (No. FDIC-08-190L) by the FDIC on July 6 pursuant to Section 19, U.S.C. 1829. The regulator also issued an Order Modifying Order of Prohibition From Further Participation (No. FDIC-94-073e) against Albert D. Noe on July 16.
During July, the FDIC terminated cease-and-desist orders against Timberland Bank, MetroPacific Bank, Mirae Bank, The State Bank of Lebo, Horizon Bank and Millennium State Bank of Texas. In August, cease-and-desist orders were terminated against Security Bank of Jones County, Security Bank of Bibb County, Security Bank of Gwinnett County and Security Bank of North Metro — all of which failed in July. The FDIC also terminated a cease-and-desist order against 1ST Security Bank of Washington.
The OCC also noted that it terminated orders against The First National Bank of Olathe, Cumberland Valley National Bank & Trust Co., First National Bank of Marin now known as Credit One Bank, First National Bank of Colorado City and Hometown National Bank.
