OCC Announces 14 New Enforcement Actions and One Termination

WASHINGTON, DC — The Office of the Comptroller of the Currency today announced 15 enforcement actions taken against national banks. The 15 actions released today include: one formal agreement, three civil money penalties, one order making findings and imposing sanctions, one personal cease and desist order restitution, three restitutions, five 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, Public Information Room (1-5), 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

Texas

97-77 Preston National Bank, Dallas 05/20/97

Civil Money Penalties, by Consent

No. Individual/Bank/City Date

California

97-78 Robert P. Zingg, First National Bank of Ventura, Ventura Illinois 10/29/97

97-79 Amcore Bank, N.A., Rockford, South Beloit 12/31/97

97-80 Amcore Bank, N.A., Rock River Valley, Dixon 12/31/97

New Jersey

97-81 Commerce Capital, a division of Commerce Bank, N.A., Cherry Hill 12/5/97

New York

97-82 Massimiliano Locci, Istituto Bancario San Paolo di Torino, New York 12/5/97

Order Making Findings and Imposing Sanctions, by Consent

No. Bank/City Date

New Jersey

97-81 Commerce Capital, a division of Commerce Bank, N.A., Cherry Hill 12/05/97

Personal Cease & Desist Ooder Restitution, by Consent

No. Individual/Bank/City Date

North Carolina

97-83 Lisa Yarbrough, NationsBank, N.A., Charlotte 10/01/97

Restitution, by Consent

No. Individual/Bank/City Date

California

97-84 Danielle Blanks, Bank of America, NT&SA, San Francisco 11/18/97

97-78 Robert P. Zingg, First National Bank of Ventura, Ventura 10/29/97

Louisiana

97-85 Luther P. Palumbo, Jr., Progressive National Bank of DeSoto Parish, Mansfield 10/30/97

Removals/Prohibitions, by Consent

No. Individual/Bank/City Date

California

97-84 Danielle Blanks, Bank of America, NT&SA, San Francisco 11/18/97

97-86 Shonn McRoyal, Bank of America, NT&SA, San Francisco 10/17/97

97-78 Robert P. Zingg, First National Bank of Ventura, Ventura 10/29/97

Indiana

97-87 Kerri Schwomeyer, NBD Bank, N.A., Indianapolis 10/15/97

New York

97-82 Massimiliano Locci, Istituto Bancario San Paolo di Torino, New York 12/05/97

Termination of Enforcement Actions

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

California

97-88 FA, Mercantile National Bank, Los Angeles, (EA #95-82) 11/18/97