FDIC Makes Public October Enforcement Actions; One Administr

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FDIC Makes Public October Enforcement Actions; One Administrative Hearing Scheduled for December 2011


FOR IMMEDIATE RELEASE
November 25, 2011 Media Contact:
LaJuan Williams-Young
Office: (202) 898-3876
Email: lwilliams-young@fdic.gov


The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October. One administrative hearing is scheduled for December 2011.
The FDIC issued a total of 75 orders and one notice in October. The orders included: 17 consent orders; 11 removal and prohibition orders; one cross guarantee liability; 29 civil money penalties; one prompt corrective action; thirteen orders terminating consent orders and cease and desist orders; and three orders terminating a supervisory prompt corrective action directive. The following notice was issued: a notice of intention to remove from office and/or to prohibit from further participation, notice of assessment of civil money penalties, findings of fact and conclusions of law, orders to pay, and notice of hearing.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 1-877-275-3342). To view individual orders below, click the link for the PDF next to the order. To view all orders online, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enf ... index.html.