Deutsche Bank AG's securities arm is the largest unsecured creditor of Taylor, Bean & Whitaker Corp. and is owed at least $42 million, according to a supplemental filing in the home lender's bankruptcy case.

A spokesman for Deutsche Bank had no comment at press time. The claim is labeled as "disputed" in the filing and no additional information is provided.

The second-largest unsecured creditor is James G. Hicks of Lawrenceville, Ga., who has staked a claim for $9 million. The third-largest unsecured creditor is Royal Bank of Canada's RBC Capital Markets in New York, which is owed $2.2 million.

Meanwhile, the Office of Thrift Supervision has hit Platinum Community Bank, which Taylor Bean owns, with a cease-and-desist order, telling it to stop unsafe and unsound practices.

The order, posted on the agency's Web site, says the depository has failed to maintain accurate books and records, has not operated independently from affiliates and is having liquidity problems.

The thrift said it is working closely with the OTS to address the issues in the order. In July 2008 Taylor Bean bought a controlling interest in Platinum Bankshares, the thrift's holding company. Platinum Community Bank is based in Rolling Meadows, Ill.

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