Enforcement actions. (Announcements).The Federal Reserve Board on February 13, 2003, announced the issuance of a Final Decision and Order of Prohibition against Cynthia Rowe, a former employee of Key Bank, N.A., Cleveland, Ohio. The Order, the result of an action brought by the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. , prohibits Ms. Rowe from participating in the conduct of the affairs of any financial institution or holding company. The Federal Reserve Board on February 13, 2003, announced the issuance of a Final Decision and Order of. Prohibition against Marian L. Butler, a former employee of CoreStates Financial (now First Union), Philadelphia, Pennsylvania. The Order, the result of an action brought by the Office of Comptroller of the Currency Comptroller of the Currency A government official, appointed by the President of the United States, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. , prohibits Ms. Butler from participating in the conduct of the affairs of any financial institution or holding company. The Federal Reserve Board on March 5, 2003, announced the issuance of a consent Order against Dale and Betty Skrobot, both former institution-affiliated parties of the First Western Bank, Cooper City, Florida Cooper City is a city in Broward County, Florida, United States. The city is named for Morris Cooper, who founded the community in 1959. The US Census Bureau estimated the city's population at 30,032 on 1 July 2006. , a state member bank. The individuals, without admitting to any allegations, consented to the issuance of the Order to resolve allegations that they violated the Change in Bank Control Act and an order issued under the Change in Bank Control Act by the Board of Governors in connection with their acquisition of beneficial ownership of shares of the bank. The Federal Reserve Board on March 5, 2003, announced the issuance of a consent Order against Michael Sahlgren, an institution-affiliated party of the First Western Bank, Cooper City, Florida, a state member bank. Mr. Sahlgren, without admitting to any allegations, consented to the issuance of the Order to resolve allegations that he violated the Change in Bank Control Act and an order issued under the Change in Bank Control Act by the Board of Governors in connection with his acquisition of beneficial ownership of shares of the bank. The Federal Reserve Board on March 5, 2003, announced the issuance of a consent Order against James C. Agee, an institution-affiliated party of the First Western Bank, Cooper City, Florida, a state member bank. Mr. Agee, without admitting to any allegations, consented to the issuance of the Order to resolve allegations that he violated the Change in Bank Control Act and an order issued under the Change in Bank Control Act by the Board of Governors in connection with his acquisition of beneficial ownership of shares of the bank. The Federal Reserve Board on March 13, 2003, announced the issuance of a consent Order of Assessment of a Civil Money Penalty against First Bank, Creve Coeur, Missouri Creve Coeur, derived from French for "broken heart" (Crève Cœur), is a city in west St. Louis County, Missouri, United States. The population was 16,500 at the 2000 census. Creve Coeur borders and shares a zip code with the neighboring City of Town and Country. , a state member bank. First 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 First Bank to pay a civil money penalty of $17,150, 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 on March 13, 2003, announced the issuance of an Order to Cease and Desist Cease and desist (also called C & D) is a legal term used primarily in the United States which essentially means "to halt" or "to end" an action ("cease") and to refrain from doing it again in the future ("desist"). and of Prohibition against Terry Frierson, a former chief executive officer, president, and institution-affiliated party of MSB MSB - Most Significant Bit Shares, Inc., and the Midsouth Bank, Jonesboro, Arkansas. The Federal Reserve Board on March 7, 2003, announced the termination of the enforcement actions listed below. Terminations of enforcement actions are listed on the Federal Reserve's public web site www.federalreserve.gov/boarddocs/enforcement as they occur. * Banco Popular de Puerto Rico, Hato Rey, Puerto Rico Hato Rey is a district of San Juan, Puerto Rico, in the northwest of the former municipio of Río Piedras, and southwest of Santurce. Hato Rey was a barrio of Río Piedras. Written Agreement dated March 9, 2000 Terminated January 16, 2003 * Belmont Bancorp, St. Clairsville, Ohio St. Clairsville is a city in Belmont County, Ohio in the United States. It is part of the Wheeling, West Virginia Metropolitan Statistical Area. The population was 5,057 at the 2000 census. Written Agreement dated August 3, 1999 Terminated January 10, 2003 * Banco Bilbao Vizcaya Argentario, S.A., and its New York branch and Miami Agency Written Agreement dated June 12, 2000 Terminated February 21, 2003 * Bank of Rogers, Rogers, Arkansas 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. dated July 12, 2001 Terminated December 12, 2002 * Grimes Capital Corporation, Houston, Texas Written Agreement dated July 14, 1999 Terminated November 4, 2002 * Valley Independent Bank, El Centro, California “El Centro” redirects here. For other uses, see El Centro (disambiguation). El Centro is the county seat of Imperial County, California, United States and the largest city in the Imperial Valley, the region east of San Diego. It is also the largest U.S. Written Agreement dated January 8, 2001 Terminated October 31, 2002 * Guaranty Financial Corporation and Guaranty Bank, Charlottesville, Virginia Written Agreement dated October 26, 2000 Terminated October 23, 2002 * The Daiwa Bank, Limited, Osaka, Japan, and Daiwa Bank and Trust Company, New York, New York Enforcement Actions dated February 2, 1996 Terminated September 25, 2002 * First Security Bancshares, Inc., Lake Park, Iowa Lake Park is a city in Dickinson County, Iowa, United States. The population was 1,023 at the 2000 census. Trappers Bay State Park is located just west of the town. Geography Lake Park is located at (43.452649, -95. , Security State Bank, Milford, Iowa Written Agreement dated August 6, 1999 Terminated September 25, 2002 * Cerritos Valley Bancorp and Cerritos Valley Bank, Artesia California Written Agreement dated October 15,2001 Terminated August 15, 2002 * CSB CSB Kashubian (SIL code, Poland) CSB Chemical Safety and Hazard Investigation Board CSB Chemical Safety Board (Washington, DC) CSB Community Services Board CSB Computational Systems Bioinformatics Bancorp, Inc., Millersburg, Ohio Written Agreement dated November 22, 2000 Terminated June 17, 2002 |
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