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FDIC enforcement actions — Okla. bank hit with BSA consent order


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According to Market Intelligence, April 2023

FDIC enforcement actions — Okla. bank hit with BSA consent order

The FDIC released a list of orders of administrative enforcement actions taken against banks and individuals during the month of April. The agency also noted in a news release that no administrative hearing is scheduled for June.

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

Consent order

Against Hydro, Okla.-based Bank of Hydro, a unit of Hydro Bancshares Inc., on April 24. The consent order required the bank to make a compliance plan regarding its Bank Secrecy Act program to correct violations of law and designate a BSA officer, among other things. In consenting to the order, the bank did not admit or deny any charges of unsafe or unsound practices or any violations of law.

Assessment of civil money penalty

$30,000 against Diane Parker, former director and vice president, and $45,000 against James Parker, former chairman of Elkhart State Bank and Elkhart Bancorp. Inc. on April 21. The bank had been ordered by the Texas Department of Banking to remove James Parker as chairman of Elkhart, Texas-based Elkhart State Bank and as a director of Elkhart Bancorp. Inc. The state regulator ordered the removal of Diane Parker as director and vice president of Elkhart State Bank and Elkhart Bancorp. in 2014.

Assessment of civil money penalty, order to cease and desist

$500,000 against New Orleans-based Bank of Louisiana, a unit of BOL Bancshares Inc., on Nov. 15, 2016.

Removal / prohibition orders

Against Diane Parker and James Parker.

Termination of consent orders

*Chicago-based Delaware Place Bank, a unit of Chicago Shore Corp., on April 7.

*Dawsonville, Ga.-based First Citizens Bank of Georgia, now called Foothills Community Bank, a unit of First Citizens Financial Corp., on April 10.