FDIC Issues Enforcement Actions to Three Problem Banks

The FDIC took enforcement actions against 39 banks in May, up from 31 during the previous month.  The 39 orders issued by the FDIC in May 2014 included two consent orders, one prompt corrective action directive, seven section 19 orders, three civil money penalties, and sixteen orders terminating consent orders and cease and desist orders. […]

FDIC Issues 40 Enforcement Actions

The FDIC issued a list of 40 enforcement actions taken against banks and individuals during March 2014.  The enforcement actions include the following: 4 consent orders 1 prompt corrective action directive 9 section 19 orders 14 orders terminating consent orders and cease and desist orders 1 order terminating a prompt corrective action 2 civil money […]

FDIC Issues 71 Enforcement Actions Against Banks and Individuals In December

The FDIC today issued the list of 71 enforcement actions taken against banks and individuals in December 2012.  In the previous month, there were a total of 72 enforcement actions taken. The December enforcement actions include the following: 11 consent orders 1 prompt corrective action 13 civil money penalties 12 section 19 orders 14 orders […]

FDIC Issues 80 Enforcement Actions In August Against Banks and Individuals

The FDIC announced today that a total of 80 enforcement actions were issued against banks and individuals in August.  In the previous month, the FDIC issued 56 enforcement actions. Enforcement actions taken during August included the following: 19 civil money penalties 12 consent orders 19 orders terminating consent and cease and desist orders 18 section […]

FDIC Issues 48 Enforcement Actions In June

The FDIC announced in a press release today a total of 48 enforcement actions taken against banks and individuals in June 2012.  In May, the FDIC issued 56 enforcement actions. Enforcement actions issued in June included three consent orders, two prompt corrective actions, nine removal and prohibition orders, twelve civil money penalties, five modifications of […]

FDIC Issues 53 Enforcement Actions In May

The FDIC announced today a total of 53 enforcement actions for May 2012.  In the previous month, the FDIC had issued 56 enforcements actions. Enforcements actions issued in May included 9 consent orders, 10 civil money penalties, 8 section 19 orders, 13 orders terminating previous consent and cease and desist orders, 2 orders terminating prompt […]

One Out Of Every Ten Banks Is A “Problem Bank” – FDIC Issues 56 Enforcement Actions In April 2012

The FDIC announced in a press release that 56 enforcement actions were taken against banks and individuals during April 2012.  In the previous month, the FDIC had issued 72 enforcement actions. The FDIC enforcement actions issued in April included 14 civil money penalties, 1 prompt corrective action, 13 consent orders, 19 orders terminating previous consent […]

Bank of the Eastern Shore, Cambridge, MD, Fails – Uninsured Depositors Out Of Luck As FDIC Fails To Find Buyer

Maryland state regulators closed the Bank of the Eastern Shore, Cambridge, MD and the FDIC was appointed as receiver.  As has happened on previous occasions, the FDIC was unable to find a buyer for the failed bank, leaving uninsured depositors at risk of loss on their savings. To protect insured depositors and wind down the […]

FDIC Issues 72 Enforcement Actions In March To Problem Banks

The FDIC announced in a press release today that a total of 72 enforcement actions were taken against banks and individuals for March 2012.  During the previous month, the FDIC had issued a total of 53 enforcement actions. Included in the FDIC enforcement actions were 18 civil money penalties, 1 prompt corrective action notice, 13 […]

FDIC Issues 53 Enforcement Actions, Number of Problem Banks Remains Elevated

The FDIC released the list of enforcement actions taken in February 2012 against 53 banks.  In the previous month of January, the FDIC had issued 42 enforcement actions. The orders issued by the FDIC included 10 civil money penalties, 1 prompt corrective action, 13 consent orders, 1 order terminating deposit insurance and 19 orders terminating […]