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FDIC Makes Public November 2018 Enforcement Actions

December 28, 2018 / Source: FDIC

Press Releases

FDIC Makes Public November Enforcement Actions;

No Administrative Hearings Scheduled for January 2019

FOR IMMEDIATE RELEASE
December 28, 2018

Media contact:
LaJuan Williams-Young
(202) 898-3876
lwiliams-young@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. There are no administrative hearings scheduled for January 2019.

The FDIC issued a total of 12 orders and one notice in November. The administrative enforcement actions in those orders consisted of five Section 19 orders; one modification order; two removal and prohibition orders; four termination orders; and one notice.

To view orders, adjudicated decisions and notices online, please visit the FDIC's Web page by clicking the link below.

November 2018 Enforcement Decisions and Orders

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 5,479 as of September 30, 2018. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-105-2018