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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, 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, 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, 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, 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 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 and of Prohibition against Terry Frierson, a former chief executive officer, president, and institution-affiliated party of MSB 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

Written Agreement dated March 9, 2000

Terminated January 16, 2003

* Belmont Bancorp, St. Clairsville, Ohio

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 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

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, 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 Bancorp, Inc., Millersburg, Ohio

Written Agreement dated November 22, 2000

Terminated June 17, 2002
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Publication:Federal Reserve Bulletin
Date:Apr 1, 2003
Words:784
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