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FDIC terminates actions against Citizens State Bank, Bison State Bank

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FDIC terminates actions against Citizens State Bank, Bison State Bank

The Federal Deposit Insurance Corp. on Dec. 28 released a list of enforcement actions taken against banks and individuals in November. No administrative hearings are scheduled for January 2019.

The following list excludes actions that do not meet criteria for S&P Global Market Intelligence's news coverage. Click here to view an Excel template showing our full database of enforcement actions against U.S. banks and thrifts.

Termination of consent orders

The FDIC on Nov. 5 terminated its consent order dated Feb. 27 against Okemah, Okla.-based Citizens State Bank, requiring it to maintain a leverage capital ratio of at least 10% and a total capital ratio of at least 13%.

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On Nov. 6, the regulator terminated its Jan. 13, 2012, consent order against Macon, Ga.-based Persons Banking Co. Inc. unit Forsyth, Ga.-based Persons Banking Co., previously known as Farmers Bank.

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The regulator on Nov. 21 terminated its Oct. 2, 2014, consent order issued against Kansas-based Bison State Bank.

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On Nov. 29, the FDIC terminated its consent order issued Aug. 24, 2011, and the first amendment of the consent order issued Dec. 11, 2013, against Bonaparte, Iowa-based State Central Bank, a unit of Logan Investment Corp.

Prohibition order

The FDIC on Nov. 29 prohibited Vincent Bautista of North Dakota-based Watford City Bancshares Inc. unit First International Bank & Trust from further participation in the conduct of the affairs of any financial institution, among other stipulations.

Bautista allegedly engaged in unsafe banking practices and breached his fiduciary duty. He did not admit or deny the charges.

Modification of prohibition order

The regulator on Nov. 26, modified its Aug. 1, 2005, prohibition order issued against Brian Barber of Iowa-based Farmers State Bank, to allow him to perform real estate appraisals for any insured depository institution.