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OCC releases latest enforcement actions


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OCC releases latest enforcement actions

The OCC on Dec. 15 disclosed 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.

Termination orders

Medford, Wis.-based Fidelity National Bank on Nov. 14. The bank was acquired by Abbotsford, Wis.-based Abby Bancorp Inc. The agreement was filed May 25, 2012.


Hallandale Beach, Fla.-based Home Federal Bank of Hollywood, unit of Home Bancgroup Inc., on Nov. 28. The consent order was filed on July 27, 2012.

Civil money penalty/restitution/prohibition orders

Clare Bank NA Chairman and CEO Patrick Clare, along with several directors, received civil money penalty orders in the amount of $5,000 for what the OCC described as recklessly engaging in unsafe or unsound practices and breaching their fiduciary duty in "a pattern of misconduct." The orders relate to inaccurately filed call reports during the period of September 2012 to December 2015.

The Platteville, Wis.-based bank is a unit of Montfort Bancorp Inc.


A $10,000 civil money penalty against T. Ryan Johnson, former senior vice president, CFO and director of Isanti, Minn.-based Landmark Community Bank NA, which was acquired by Eden Prairie, Minn.-based Flagship Financial Group Inc., on Dec. 1. The OCC alleges that from January 2012 to December 2014, Johnson and other directors used the bank's capital to pay for personal, as well as the holding company's, debt. He also faces a restitution order of $9,390.