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EverBank Financial (EVER) has reached a $43 million settlement with the Office of the Comptroller of the Currency in connection with allegations of improper foreclosure practices.
August 23 -
A former executive at One Bank & Trust in Little Rock, Ark., has been charged with stealing nearly $75,000 from his employer to pay off credit card bills.
November 13 -
Enforcement actions relating to anti-money laundering rules and the Bank Secrecy Act were a prominent theme in the Office of the Comptroller of the Currency's monthly round-up of orders issued from late August through September.
October 18
The Office of the Comptroller of the Currency issued cease-and-desist orders against three banks in October and released seven banks from enforcement actions.
One of the new orders requires One Bank & Trust in Little Rock, Ark., to maintain a minimum Tier 1 leverage ratio of 8% and a total risk-based capital ratio of at least 12%.
The $401 million-asset One Bank was also ordered to improve its loan portfolio and problem asset management and strengthen compliance with the Bank Secrecy Act. The former vice president and controller of One Bank was
EverBank (EVER) in Jacksonville, Fla., agreed to a
And First National Bank in Howell in Howell, Mich., was ordered to maintain a minimum Tier 1 leverage ratio of 8.5% and a total risk-based capital of 11%. The $299 million-asset First National must also improve loan and credit risk management, form a compliance committee, develop a strategic plan and revise its other-real-estate-owned program.
The OCC lifted enforcement actions against Chino Commercial Bank in Chino, Calif.; Old Second National Bank in Aurora, Ill.; Middlesex Federal Savings in Somerville, Mass.; the National Bank of New York City in Flushing, N.Y.; Continental Bank in Plymouth Meeting, Pa.; The Conway National Bank in Conway, S.C.; and a Wells Fargo (WFC) unit in Sioux Falls, S.D.