Enforcement actions.The Federal Reserve Board announced on November 15, 2004, the issuance of a consent order of assessment of a civil money penalty against the Cumberland Bank, Franklin, Tennessee Franklin is the county seat of Williamson County, Tennessee, USA. The population was 41,842 at the 2000 census. The 2007 Census Bureau Estimate places the population at 55,870. , a state member bank. Cumberland Bank, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's Regulations implementing the National Flood Insurance Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding. Act. The order requires Cumberland Bank to pay a civil money penalty of $3,250, which will be remitted to the Federal Emergency Management Agency The Federal Emergency Management Agency (FEMA) is the federal agency responsible for coordinating emergency planning, preparedness, risk reduction, response, and recovery. The agency works closely with state and local governments by funding emergency programs and providing technical for deposit into the National Flood Mitigation Fund. The Federal Reserve Board announced on November 15, 2004, the issuance of a consent order of assessment of a civil money penalty against the Five Points Bank, Grand Island, Nebraska Grand Island is a city in Hall County, Nebraska, United States. The population was 42,940 in the 2000 census and had grown to 44,632 by 2006. It is the county seat of Hall CountyGR6. , a state member bank. Five Points Bank, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's Regulations implementing the National Flood Insurance Act. The order requires Five Points Bank to pay a civil money penalty of $10,000, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund. The Federal Reserve Board announced on November 18, 2004, the issuance of a cease and desist order An order issued by an Administrative Agency or a court proscribing a person or a business entity from continuing a particular course of conduct. The force and effect of a cease and desist order are similar to those of an Injunction issued by a court. against Ameribanc Holdings, Inc., Durango, Colorado Durango (Navajo: Kinłání) is a city in La Plata County, Colorado (USA). According to 2006 Census Bureau estimates, the population of the city is 15,501.[5] It is the county seat of La Plata County. , a bank holding company, and its subsidiary bank, the Bank of Durango, Durango, Colorado. The Federal Reserve Board announced on December 2, 2004, the issuance of a cease and desist order against Thomas C. Darden, a former institution-affiliated party of Kenco Bancshares, Inc., Jayton, Texas. The Federal Reserve Board also announced the execution of two written agreements. One agreement is between William J. Collier and the Federal Reserve Bank of Dallas The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. It has branch offices in El Paso, Houston, and San Antonio. , and the other agreement is between Jesse L. Reese and the Federal Reserve Bank of Dallas. Both William J. Collier and Jesse L. Reese are institution-affiliated parties of Kenco Bancshares, Inc., Jayton, Texas. The order and the written agreements address conduct relating to a commitment made in connection with an application involving Kenco Bancshares, Inc. The Federal Reserve Board announced on January 5, 2005, the execution of a written agreement by and among Prineville Bancorporation, Prineville, Oregon; the Community First Bank, Prineville Oregon; the Oregon Division of Financial and Corporate Securities, Salem, Oregon; and the Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, . |
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