The Office of the Comptroller of the Currency on March 16 announced a number of enforcement actions in the banking sector.
The following list excludes actions previously covered by S&P Global Market Intelligence and those that do not meet criteria for news coverage. Click here to view SNL's full database of enforcement actions against U.S. banks and thrifts.
Consent order
The OCC on Feb. 12 issued a consent order against City National Bank of New Jersey, asking the bank to achieve and maintain minimum capital ratios within 90 days of the date of the consent order.
City National Bank is required to have capital of at least 13% of risk-weighted assets and Tier 1 capital of at least 9% of adjusted total assets. The Newark, N.J.-based bank must also submit a written capital plan within 60 days of the order.
The OCC also ordered City National Bank to hire a Bank Secrecy Act officer within 90 days of the consent order, among other stipulations. On the same day, it lifted City National Bank of New Jersey's December 2010 consent order.
Civil money penalty orders
The regulator on Feb. 6 assessed a $20,000 civil money penalty against Theodore Roberts, director of Carson, Calif.-based Merchants Bank of California NA.
The OCC alleged that Roberts permitted violations of June 2010 and June 2014 consent orders.
Terminations of existing enforcement actions
Irving, Texas-based ACE Cash Express Inc.'s October 2002 consent order was lifted.
On Feb. 23, it terminated the November 2009 and December 2010 cease and desist orders against Granby, Colo.-based Grand Mountain Bank FSB.
And on Dec. 6, 2017, it terminated the Aug. 25, 2015, formal agreement with Washington, D.C.-based National Capital Bank of Washington.
