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The Federal Deposit Insurance Corp. took seven enforcement actions and freed 13 banks from orders in June, according to a list of regulatory actions released Friday.
July 26 -
The Office of the Comptroller of the Currency took regulatory action against 11 financial institutions and terminated orders against five others in April, the agency said Friday.
May 17 -
The two U.S. bank subsidiaries of The Royal Bank of Scotland Group were hit with regulatory fines totaling nearly $14 million on Tuesday for what authorities called misleading marketing of their overdraft protection programs.
April 30
The Office of the Comptroller of the Currency took six enforcement actions and ended several others last month,
The $760 million-asset Ponce de Leon Federal Bank in New York has agreed to identify and reduce credit risk, improve asset quality and conduct a review of management.
First Federal Savings and Loan Association of Central Illinois, in Shelbyville, must revise plans regarding its loan-loss allowance, internal audits, loan policy, credit administration and compliance with the Bank Secrecy Act. It has assets of $111 million.
One action was taken against an individual. Katrina Caver, a former Wells Fargo (WFC) personal banker in Sioux Falls, S.D, was banned from banking. Regulators found that Caver sold customer information to an outside party in exchange for $2,000 in 2009. The outside party used that information in a fraudulent check-cashing scheme that ultimately cost the bank about $49,100.
The other three new actions involved banks that had already been targeted by the OCC.
The agency lifted a 2009 action against the $195 million-asset EH National Bank, formerly known as Excel National Bank in Beverly Hills, Calif., and issued a cease-and-desist order in its place. The bank must prepare a two-year strategic plan and revise its plan to reduce problem assets. It also has to maintain a minimum Tier 1 capital ratio of 9% and total risk-based capital of 12%.
A 2010 order against North Georgia National Bank, a $129 million-asset company in Calhoun, was also modified. North Georgia is now required to appoint a compliance committee, hire a new problem loan workout specialist and review its system for rating loan risk.
Canyon Community Bank in Tucson, Ariz., received a revised cease-and-desist order to replace a 2011 action that was terminated. The $84 million-asset Canyon must maintain minimum capital ratios, improve asset quality and credit-risk rating procedures and maintain an appropriate loan-lease allowance.
Four banks were freed from enforcement actions.
The OCC ended two orders that had been issued in recent years against the $66 million-asset Ripley Federal Savings Bank in Ohio. It ended a 2009 order against the $330 million-asset First National Bank of the Rockies in Grand Junction, Colo. A 2011 order against the $155 million-asset First National Bank of Polk County in Cedartown, Ga., was lifted, as was a 2011 order against First Federal Savings and Loan Association of McMinnville in Oregon.
