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FOR IMMEDIATE RELEASE PR-85-2003 (9-03-2003) |
Media Contact:
Frank Gresock 202-898-6634 |
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. No administrative hearings are scheduled for September.
**** First State Bank, Holly Springs, MS; FDIC-03-078b; Issued 7/16/03 FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e) (Removal-and-Prohibition Orders) Sterling State Bank, Austin, MN; FDIC-02-137e; against Jason W. Amundson; Issued 7/31/03 Citizens State Bank, Jasper, TN; FDIC-03-026e; against William Hal Davis; Issued 7/31/03 Citizens Bank & Trust Company of Grainger County, Rutledge, TN; FDIC-03-023e; against Robert L. Courtney, Jr.; Issued 7/31/03 River Bank, Stoddard, WI; FDIC-03-053e; against Sidney Bateman; Issued 7/30/03
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i) River Bank, Stoddard, WI; FDIC-03-054k; Order to Pay against Sidney Bateman in the amount of $5,000; Issued 7/30/03
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q) TERMINATIONS OF CEASE-AND-DESIST ORDERS Stockmans Bank, Elk Grove, CA; FDIC-02-104b; Issued 7/1/03Southland Business Bank, Irwindale, CA, merged into and now known as Vineyard Bank, Rancho Cucamonga, CA; FDIC-02-156b; Issued 7/23/03 Valley Bank, Moreno Valley, CA; FDIC-01-055b; Issued 7/1/03 Rantoul First Bank, s.b., Rantoul, IL; FDIC-01-068b; Issued 7/22/03 LBS Bank - New York; New York City, NY; FDIC-03-142b; Issued 7/31/03 Nova Savings Bank, formerly known as vBank, a savings bank, Philadelphia, PA; FDIC-01-080b; Issued 7/16/03 Peoples Bank and Trust Company, Ryan, OK; FDIC-99-082b; Issued 7/31/03 ADJUDICATED DECISIONS Connecticut Bank of Commerce, Stamford, CT; FDIC-02-174e; FDIC-02-158e; FDIC-02-160c&b; FDIC-02-161c&b; FDIC-02-175k; FDIC-02-176k; FDIC-02-177k; FDIC-02-178k; FDIC-02-179k; FDIC-02-180k; FDIC-02-181k; FDIC-02-182k; Decision and Order on Interlocutory Review; Issued 7/17/03Cornerstone Community Bank, Chattanooga, TN; FDIC-00-050k; Decision and Order Denying Request for Stay; Issued 7/30/03 ### Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,314 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations. FDIC press releases and other information are available on the Internet at www.fdic.gov or through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200). |
Last Updated 09/03/2003 | communications@fdic.gov |
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