OCC Announces 11 New Enforcement Actions and Three Terminations of Existing Actions

WASHINGTON, DC — The Office of the Comptroller of the Currency (OCC) today announced 11 new enforcement actions taken against national banks and three terminations of existing actions. The actions released today include three formal agreements, one civil money penalty and restitution by order of the Comptroller of the Currency, one prohibition by order of the Federal Reserve Board, six civil money penalties, and three terminations of existing enforcement actions.

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 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 http://www.occ.treas.gov/enforce.htm.

Formal Agreement, by Consent

No. Bank/City Date

Colorado

98-72 Yampa Valley National Bank, Hayden 11/30/98

Texas

98-73 First National Bank of Littlefield, Littlefield 12/14/98

98-74 First National Bank of Rotan, Rotan 10/15/98

Restitution and Civil Money Penalty, by Order of the Comptroller of the Currency

No. Bank/City Date

California

98-75 Bank of the Desert, N.A., Indio 07/08/98

Prohibition, by Order of the Federal Reserve Board

No. Individual/Bank/City Date

Wisconsin

98-76 James J. Redemann, Evergreen Bank, N.A., Poy Sippi 11/30/98

Civil Money Penalties, by Consent

No. Individual/Bank/City Date

West Virginia

98-77 Terry L. Church, First National Bank of Keystone, Keystone 12/08/98

98-78 Julian G. Budnick, First National Bank of Keystone, Keystone 12/08/98

98-79 Michael F. Gibson, First National Bank of Keystone, Keystone 12/08/98

98-80 Billie J. Cherry, First National Bank of Keystone, Keystone 12/08/98

98-81 Andres L. Rago, First National Bank of Keystone, Keystone 12/08/98

98-82 Louis J. Pais, First National Bank of Keystone, Keystone 12/08/98

Terminations of Existing Enforcement Actions

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

California

98-83 Gold Country National Bank, Brownsville, (EA #98-54) 11/30/98

Ohio

98-84 The Community National Bank, Franklin, (EA #98-60) 12/15/98

Wisconsin

98-85 Citizens Bank, N.A., Shawano, (EA #95-23) 06/29/98