News Release 98-2 For: IMMEDIATE RELEASE Contact: Lynnette Carter-Warren (202) 874-4700 Date: January 7, 1998 OCC ANNOUNCES 14 NEW ENFORCEMENT ACTIONS AND ONE TERMINATION WASHINGTON, DC -- The Office of the Comptroller of the Currency today announced 15 enforcement actions taken against national banks. The 15 actions released today include: one formal agreement, three civil money penalties, one order making findings and imposing sanctions, one personal cease and desist order restitution, three restitutions, five removals/prohibitions, and one termination of an existing enforcement action. 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's Interpretations and Actions. Subscriptions to that publication are available from the OCC's Communications Division. FORMAL AGREEMENT, BY CONSENT No. Bank, City Date Texas 97-77 Preston National Bank, Dallas 5/20/97 CIVIL MONEY PENALTIES, BY CONSENT No. Individual, Bank, City Date California 97-78 Robert P. Zingg, First National Bank of Ventura, Ventura Illinois 10/29/97 97-79 Amcore Bank, N.A., Rockford, South Beloit 12/31/97 97-80 Amcore Bank, N.A., Rock River Valley, Dixon 12/31/97 New Jersey 97-81 Commerce Capital, a division of Commerce Bank, N.A., Cherry Hill 12/5/97 CIVIL MONEY PENALTIES, BY CONSENT (Cont'd.) No. Individual, Bank, City Date New York 97-82 Massimiliano Locci, Istituto Bancario San Paolo di Torino, New York 12/5/97 ORDER MAKING FINDINGS AND IMPOSING SANCTIONS, BY CONSENT No. Bank, City Date New Jersey 97-81 Commerce Capital, a division of Commerce Bank, N.A., Cherry Hill 12/5/97 PERSONAL CEASE & DESIST ORDER RESTITUTION, BY CONSENT No. Individual, Bank, City Date North Carolina 97-83 Lisa Yarbrough, NationsBank, N.A., Charlotte 10/1/97 RESTITUTION, BY CONSENT No. Individual, Bank, City Date California 97-84 Danielle Blanks, Bank of America, NT&SA, San Francisco11/18/97 97-78 Robert P. Zingg, First National Bank of Ventura, Ventura 10/29/97 Louisiana 97-85 Luther P. Palumbo, Jr., Progressive National Bank of DeSoto Parish, Mansfield 10/30/97 REMOVALS/PROHIBITIONS, BY CONSENT No. Individual, Bank, City Date California 97-84 Danielle Blanks, Bank of America, NT&SA, San Francisco 11/18/97 97-86 Shonn McRoyal, Bank of America, NT&SA, San Francisco 10/17/97 97-78 Robert P. Zingg, First National Bank of Ventura, Ventura 10/29/97 Indiana 97-87 Kerri Schwomeyer, NBD Bank, N.A., Indianapolis 10/15/97 New York 97-82 Massimiliano Locci, Istituto Bancario San Paolo di Torino, New York 12/5/97 TERMINATION OF ENFORCEMENT ACTIONS No. Bank, City, Old EA# Date California 97-88 FORMAL AGREEMENT, Mercantile National Bank, Los Angeles, #95-82 11/18/97 # # # The OCC charters, regulates and examines approximately 2,800 national banks and 66 federal branches and agencies of foreign banks in the U.S., accounting for more than half 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.