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)
An Agreement to eliminate self-dealing and self-serving transactions by directors, officers or shareholders of more than 2% of the outstanding shares of the bank. Limitations on the trade area and management contracts to be made by the bank.
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.
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.
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 $84 and the indemnification of the bank for losses.
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. 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.
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.
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.
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.
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 $84, $371, $371c, $375a, $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.
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.
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.
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 $375a.
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.
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.
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 $84. Provisions for indemnification for losses.
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.
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.
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 $84.
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.
An Agreement to eliminate insider and self-dealing extensions of credit to affiliates and controlling persons. Pro- visions 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.
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 $$84, 82, 371c, 375a. Provisions for indemnification for losses.
A Notice of Charges and a Cease and Desist Order requiring the bank to comply with a previously issued formal written agreement and particularly requiring the bank to eliminate violations of 12 United States Code $$84, 375a, and 24 (7). The Order also required the obtaining of a new and active chief executive officer.
An Agreement to eliminate various violations of law, in- cluding 12 United States Code $84 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
A Notice of Charges and an Order to Cease and Desist from advertising and paying excessive interest rates in violation of 12 CFR $217.
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.
An Agreement to eliminate violations of various statutes including 12 United States Code $84 and establishment of procedures of a safe and sound nature to eliminate excessive criticized assets and unjustified loan participations from affiliate banks.
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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