OCC Announces Twelve New Enforcement Actions and One Termination

WASHINGTON, DC — The Office of the Comptroller of the Currency today announced 13 enforcement actions taken against national banks. The 13 actions released today include: one formal agreement, two cease and desist orders, three civil money penalties, six 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, Disclosure Room (3-10), 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

California

870 National Bank of Southern California, Santa Ana 04/08/1992

Pennsylvania

96-60 Regent National Bank, Philadelphia 10/10/1996

Cease and Desist Order, by Consent

No. Individual/Bank/City Date

California

96-61 Gerold Morita, Mechanics National Bank (Failed), Paramount 11/22/1996

New York

96-62 Ramon Martinez, Capital National Bank (Failed), Bronx 03/04/1996

Civil Money Penalties, by Consent

No. Individual/Bank/City Date

California

96-63 Albert N. Greenfield, Mechanics National Bank

(Failed), Paramount 06/28/1996

96-64 Patrick F. Grabowski, Mechanics National Bank (Failed), Paramount 11/22/1996

Puerto Rico

96-65 Carlos Conde, III, Banco Nacional, N.A., Hato Rey 11/22/1996

Removal / Prohibition, by Consent

No. Individual/Bank/City Date

California

96-63 Albert N. Greenfield, Mechanics National Bank (Failed), Paramount 06/28/1996

96-61 Gerold Morita, Mechanics National Bank (Failed), Paramount 11/22/1996

Colorado

96-66 David Munoz, Bank One, Colorado, N.A., Denver 12/04/1996

New York

96-67 Luis Alfaro, Capital National Bank (Failed), Bronx 07/26/1996

96-62 Ramon Martinez, Capital National Bank (Failed), Bronx 03/04/1996

Puerto Rico

96-65 Carlos Conde, III, Banco Nacional, N.A., Hato Rey 11/22/1996

Termination of Enforcement Actions

No. Bank/City/Old EA# Date

California

96-68 National Bank of Southern California, Newport Beach, (EA #870) 11/15/1996