OCC Announces 12 New Enforcement Actions

WASHINGTON, DC — The Office of the Comptroller of the Currency today announced 12 enforcement actions taken against bankers and national banks. The actions released today include one formal agreement, five civil money penalties, four removals, one prompt corrective action directive, 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, Public Information Room (1-5), Washington, DC 20219. Requests made by facsimile transmission should to 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 Interpretations and Actions. Subscriptions to that publication are available from the OCC's Communications Division.

The OCC also maintains a searchable database of all public enforcement actions taken since August 1989 on its Internet Website located at https://www.occ.treas.gov/enforce.htm.

Formal Agreement, by Consent

No. Bank/City Date

Maryland

98-43 Industrial Bank, N.A., Oxon Hill 08/25/98

Civil Money Penalties, by Consent

No. Individual/Bank/City Date

Indiana

98-53 Lee Schroeder, First National Bank of Dana, Dana 04/10/98

Nebraska

98-44 P. William Erickson, First National Bank of Holdrege, Holdrege 08/19/98

98-45 James G. Schmoker, First National Bank of Holdrege, Holdrege 08/19/98

98-46 Ronald L. Sterr, First National Bank of Holdrege, Holdrege 08/19/98

98-47 Gary R. Mueller, First National Bank of Holdrege, Holdrege 08/19/98

Removals/Prohibitions, by Consent

No. Individual/Bank/City Date

Indiana

98-53 Lee Schroeder, First National Bank of Dana, Dana 04/10/98

Texas

98-49 Schronda Bolton-Johnson, Norwest Bank Texas, N.A., Lubbock 08/18/98

98-48 Kari Shriver, Norwest Bank Texas, N.A., Lubbock 08/18/98

Prohibition, by Order of the Federal Reserve Board

No. Individual/Bank/City Date

California

98-50 Elena Espiritu, Bank of America, N.T. & S.A., San Francisco 09/08/98

Prompt Corrective Action Directive

No. Bank/City Date

California

98-51 Monument National Bank, Ridgecrest 09/01/98

Termination of Existing Enforcement Action

No. Type/Individual/Bank/City/Old EA# Date

98-52 FA, Preston National Bank, Dallas, (EA#97-77) 05/04/98