NR 99-37 FOR IMMEDIATE RELEASE Contact: Frank D. Vance, Jr. (202) 874-4700 April 22, 1999 OCC ANNOUNCES FOUR NEW ENFORCEMENT ACTIONS, AND TWO TERMINATIONS OF EXISTING ACTIONS WASHINGTON, DC --The Office of the Comptroller of the Currency (OCC) today announced four new enforcement actions taken against national banks, and two terminations of existing actions. The actions released today include one formal agreement, two cease and desist orders, one civil money penalty, and two terminations of existing orders. A list of enforcement actions previously disclosed and copies of the actual documents are available from the OCC's Communications Division by writing to: Comptroller of the Currency, Public Information Room (1-5), Washington, DC 20219. Requests made by facsimile transmission should be sent to (202) 874-4448. Please include the identifying enforcement action number when placing an order. Enforcement actions are also listed monthly in OCC Interpretations and Actions. Subscriptions to that publication are available from the OCC's Communications Division. The OCC also maintains a searchable database of all public enforcement actions taken since August 1989 on its Internet Web site located at http://www.occ.treas.gov/enforce.htm. FORMAL AGREEMENT, BY CONSENT No. Bank/City Date South Dakota 99-18 Founders Trust National Bank, Sioux Falls 3/25/99 CEASE AND DESIST ORDER, BY CONSENT No. Individual/Bank/City Date Minnesota 99-14 First National Bank of Pipestone, Pipestone3/11/99 South Dakota 99-15 First National Bank in Garretson, Garretson3/11/99 CIVIL MONEY PENALTY, BY CONSENT No. Individual/Bank/City Date Mississippi 99-16 Jack Parsons, First National Bank of Wiggins, Wiggins 3/9/99 - 2 - TERMINATIONS OF EXISTING ENFORCEMENT ACTIONS No. Individual/Bank/City/Old EA Number Date Nevada 99-17 First National Bank of Marin, Las Vegas 2/16/99 [Terminates Consent Order #96-54, 10/17/96] Texas 98-92 First National Bank, Burkburnett 9/14/98 [Terminates Consent Order, #98-34, 7/15/98] # # # The OCC charters, regulates and examines approximately 2,600 national banks and 66 federal branches and agencies of foreign banks in the United States, accounting for 58 percent of the nation's banking assets. Its mission is to ensure a safe, sound and competitive national banking system that supports the citizens, communities and economy of the United States