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EXHIBIT B

Proceedings Brought by the Comptroller Pursuant to the
Cease and Desist Provisions of the Financial Institutions

Supervisory Act of 1966
12 United States Code $1818 (b)

1971-1975

1971

1.

An Agreement to eliminate self-dealing and self-serving
transactions by directors, officers or shareholders of
more than 28 of the outstanding shares of the bank.
Limitations on the trade area and management contracts
to be made by the bank.

2.

An Agreement to eliminate unreasonable employment contracts
of insiders and eliminate insider dealings. The bank
also was to improve the credit quality of its loan
portfolio and take steps to eliminate general criticized
problems, unsafe and unsound practices and violations
of law.

3.

An Agreement to eliminate extensions of credit to unqualified borrowers, self-dealing by insiders and selfserving management contracts. Also provisions to improve the credit quality of the loan portfolio and to take steps to eliminate general criticized problems, unsafe and unsound practices and violations of law.

1972

4.

A Notice of Charges and Permanent Order to cease and
Desist to eliminate extensions of credit to insiders and
self-dealing transactions. Provisions to eliminate
overdrafts and increase the documentation for loans.
Elimination of further extensions of credit on
classified loans and the elimination of an unsafe and
unsound correspondent account relationship. Also
elimination of violations of 12 United States Code $84,
$375a and various unsafe and unsound practices.
An Agreement to eliminate loans in violation of 12
United States Code 984 and the indemnification of the
bank for losses.

5.

6.

An Agreement with several banks rectifying problems in employee benefit trusts and eliminating self-serving employment and management contracts which were entered into on behalf of the bank for a controlling owner of the banks. Elimination of a number of unsafe practices.

7.

An Agreement to eliminate loans made in excess of the
lending limit and to update the loan portfolio with
credit information and strengthening in the collection
efforts of the bank. Termination of employment of the
bank's president because of self-dealing and illegal
practices.

2

8.

A Notice of Charges and Permanent Order to cease and
Desist to strengthen management through the eliminating
problems of an unsafe and unsound nature such as excessive
classified assets, overdrafts, collateral imperfections,
and the elimination of concentrations of credit. Provisions
to direct the strengthening of the liquidity and capital.
Provisions to cause an outside audit and an effective loan
policy. Provisions to eliminate a number of unsafe and unsound
practices, as well as violations of law, including 12
United States Code $84.
An Agreement to prohibit the extensions of credit to
insiders and to eliminate self-dealing by major share-
holders. Provisions eliminating the extensions of credit
to these insiders and a reduction in excessive compensation
of the insiders.

9.

1973

10.

An Agreement to eliminate insider and self-dealing and
the illegal practice of nominee loans. The elimination of
excessive extensions of credit to affiliates and affiliated
persons. Provisions to eliminate unsafe practices
including the handling of criticized loans and the
modification of a self-dealing management contract.
A Notice of charges and an Agreement to eliminate excessive
directors' compensation and self-dealing by principal
owners and directors of a bank.

11.

A Notice of Charges and an order to cease and Desist to
eliminate extensions of credit to affiliates and sub-
stantial self-dealing transactions by a principal officer
and shareholder of the bank. The appointment of a
committee to eliminate the various violations of law and
unsafe and unsound banking practices including the collection
of classified assets and elimination of contingent
liabilities, as well as provisions to help restore the
liquidity and establishing a loan and investment policy.
The removal of the principal officer and controlling person
from positions of authority in the bank. Indemnification
for losses on the self-dealing transactions.
An Agreement to eliminate various violations of law, in-
cluding 12 United States Code $84, and to prohibit general
unsafe and unsound banking practices. Procedures to effect
collection of substantial criticized assets and the obtaining
of current and satisfactory credit information. Provisions
to help restore the capital position of the bank.

12.

13.

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14.

A Notice of Charges and a Permanent Order to eliminate
loans of a self-dealing nature to companies closely related
to the controlling owner of the bank and the elimination
of any nominee loans. The establishment of a committee
and provisions to correct unsafe and unsound banking practices
as well as violations of 12 United States Code 584,
$371, $371c, 5375a, $473, and the Truth in Lending
statute (Regulation z). Provisions requiring the
indemnification for loss on certain violations of law.
Provisions to help restore the capital and limitations on
dividends.

15.

An Agreement to eliminate insider and self-dealing and
illegal nominee loans. The elimination of excessive
extensions of credits for the benefit of affiliates and
affiliated persons. Provisions to eliminate unsafe
practices including the handling of criticized loans,
executive salaries and modifications of a self-dealing
management contract.

16.

A Notice of Charges and a permanent Order to enforce an
agreement previously entered for various violations of
law including 12 United States Code $84 and to prohibit
general unsafe and unsound practices. Procedures to effect
collection of substantial criticized assets. Provisions
to improve the capital and liquidity positions of the
bank.

17.

18.

An Agreement to eliminate self-dealing and self-serving
loans made for the benefit of the controlling owner of
the bank and to eliminate self-dealing loans to affiliates.
Indemnification for losses on the self-dealing loans.
An Agreement to eliminate abuses by the president and
controlling shareholders. Provisions to effect collection
of criticized assets and for the elimination of violations
of law, including 12 United States Code 5375a.
A Notice of charges and a Temporary Order to cease and
Desist from unsafe and unsound practices. Provisions to
eliminate loans or extensions of credit to related
companies or individuals and to preclude the issuance
of letters of credit, guarantees or endorsements to related
companies or individuals. The elimination of breaches
of fiduciary relationships.

19.

1974

20.

An Agreement to establish internal controls and eliminate
management problems as well as to rectify violations of
law, including 12 United States Code $1829b, 31 CFR
$103, 12 CFR $217 and Regulations J and Q.

4

21.

An Agreement to eliminate self-dealings by an official
of the bank and his resignation. A limitation on loans
to certain individuals. Provisions to improve the credit
quality of the loan portfolio and to take steps to
eliminate general criticized problems, unsafe and unsound
practices of law, including 12 United States Code $84.
An Agreement to establish internal controls and eliminate
management problems. Provisions to improve the credit quality
of the investment and loan portfolio and to take steps to
eliminate a number of criticized problems, unsafe and unsound
practices and violations of law, including 12 United States
Code 584. Provisions for indemnification for losses.

22.

23.

An Agreement to eliminate management and internal.
control problems. Provisions to upgrade the credit quality
and procedures for handling loans. Provisions to eliminate
unsafe and unsound practices, criticized problems and
violations of law, including 12 United States Code $84
and $375a.

24.

An Agreement to eliminate extensions of credit to affiliates and to eliminate several problems in the loan portfolio. Provisions to eliminate unsafe and unsound practices and criticized problems.

25.

26.

An Agreement to improve the credit quality of the loan
portfolio and to take steps to eliminate various criticized
problems, unsafe and unsound banking practices and vio-
lations of law, including 12 United States Code $84.
An Agreement eliminating various self-dealing transactions
and excessive concentrations of credit. Provisions to
eliminate specific management problems, unsafe and unsound
banking practices and violations of law, including 12 United
States Code 984.

27. An Agreement to correct a number of unsafe and unsound banking

practices including violations of 12 United States Code
SS84, 375a, 24 (7). Provisions to eliminate abuses by
the controlling owner and a requirement to obtain a new
active and capable chief executive officer.

28.

An Agreement to eliminate insider and self-dealing extensions of credit to affiliates and controlling persons.

Provisions to eliminate unsafe practices including the handling of criticized loans. An Agreement to improve the credit quality of the loan portfolio and to take steps to eliminate a number of criticized problems, unsafe and unsound practices, and violations of law.

29.

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30.

An Agreement to establish internal controls and
eliminate management problems. Provisions to improve
the credit quality of the investment and loan portfolio
and to take steps to eliminate a number of criticized
problems, unsafe and unsound practices and violations
of law, including 12 United States Code SS84, 82, 371c,
375a. Provisions for indemnification for losses.

31.

A Notice of charges and a cease and Desist Order requiring the bank to comply with a previously issued formal written agreement and particularly requiring the bank 'to eliminate violations of 12 United States code ss84, 375a, and 24 (7). The Order also required the obtaining of a new and active chief executive officer.

32.

An Agreement to eliminate various violations of law, in-
cluding 12 United States Code 984 and to prohibit
unsafe and unsound banking practices. Procedures to effect
collection of substantial criticized assets and the obtaining
of current and satisfactory credit information. Provisions
to help restore the capital position of the bank.
A Letter Agreement dealing with restrictions on the loan
portfolio and a concomitant reduction on the dependency of
volitile money. Limitations on expansion and implementation
of management changes.

33.

34.

A Notice of Charges and an order to cease and Desist from advertising and paying excessive interest rates in violation of 12 CFR 5217.

35.

An Agreement to establish a management committee to direct
corrective actions to improve the credit quality of the
loan and investment portfolio and to take steps to eliminate
criticized problems including violations of law and
unsafe and unsound practices.

36.

An Agreement to eliminate violations of various statutes including 12 United States Code 984 and establishment of procedures of a safe and sound nature to eliminate excessive criticized assets and unjustified loan participations from affiliate banks.

37.

An Agreement to eliminate violations of various statutes
including 12 United States Code SS84, 375a, as well as an
indemnification agreement for certain loans made in violation
of law. The establishment of policies for eliminating
problem credits and establishing guidelines for the
bank's operations. Provisions to insure that no nominee
loans are made for the benefit of companies or individuals
not primarily obligated on the loans. Provisions for
the obtaining and employing the services of a new
president and chief executive officer as well as a
review of executive salaries, dividends, and loans to
directors.

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