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DCB Financial (DCBF) in Lewis Center, Ohio, has been freed from a Federal Reserve Bank of Cleveland order.
November 25 -
The Federal Reserve Board has announced the termination of regulatory orders with four lenders Thursday: FNB United (now named CommunityOne Bancorp), Highland Bancshares, National Consumer Cooperative Bank and NCB Financial.
November 7 -
The Federal Deposit Insurance Corp. took action against 10 banks in September and released 13 from enforcement actions.
October 28
The Federal Deposit Insurance Corp. took action against six banks and freed a dozen from orders in October.
The new actions include three consent orders and three monetary penalties, the FDIC announced last week.
The FDIC issued a consent order against United Bank of Michigan in Grand Rapids, requiring the $469 million-asset bank to improve its compliance with the Bank Secrecy Act. The bank must implement procedures for monitoring accounts and reporting suspicious activity; it must also train its employees to comply with the law.
A consent order against Premier Community Bank in Marion, Wis., requires the $262 million-asset bank to appoint a compliance committee, name a compliance officer and improve the oversight of its internal compliance controls.
The FDIC also ordered Jourdanton State Bank in Texas to improve its compliance system. The consent order requires the $146 million-asset bank to develop a compliance-management system, improve its board oversight and train its employees to comply with consumer laws.
The FDIC also issued a $20,000 fine against Bank of Dade in Trenton, Ga.; a $24,200 fine against Metro Bank in Pell City, Ala.; and a $6,250 fine against Farmers Bank and Trust Co. in Princeton, Ky.
The FDIC terminated enforcement actions with Advantage Bank in Cambridge, Ohio; American Heartland Bank and Trust in Sugar Grove, Ill.; EvaBank in Eva, Alabama; Commerce Bank in Geneva, Minn.; Security First Bank in Fresno, Calif.; Farmers Exchange Bank in Louisville, Ala.; Community Bank and Trust-Alabama in Union Springs; First Bank in Clewiston, Fla.; Integrity First Bank in Wausau, Wis.; Sunrise Bank of Arizona in Phoenix; The Delaware County Bank and Trust Co. in Lewis Center, Ohio; and First State Financial in Pineville, Ky.
The regulator also modified a consent order with Kenney Bank and Trust in Kenney, Illinois.
