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FDIC releases list of November enforcement actions

The FDIC released its list of administrative enforcement actions taken against banks and individuals in November.

The list includes a total of 18 orders and one notice. Administrative enforcement actions in the orders include three consent orders, seven removal and prohibition orders, two Section 19 orders, two civil money penalties, five terminations of consent and cease and desist orders, one termination of supervisory prompt corrective action and one notice.

No administrative hearings are scheduled for January 2017.

Assessment of civil money penalty, removal/prohibition order

$150,000 against Ann Amelse, executive vice president, COO and CFO of Duluth, Ga.-based Gwinnett Community Bank and parent company Community Financial Holding Co. Inc. on Nov. 15.

$125,000 against Thomas Martin, chairman and CEO of Gwinnett Community Bank and parent company Community Financial on Nov. 15.

Consent orders

Against First NBC Bank Holding Co. on Nov. 10. Under the enforcement action, the bank will need to formulate a profit and budget plan, strategic plans such as ones to sustain adequate liquidity and reduce classified assets, along with improving its internal controls and hold additional on-balance sheet liquidity.

Against Fort Lauderdale, Fla.-based OptimumBank Holdings Inc. on Nov. 10. The enforcement action noted that the company consented to the consent order without admitting or denying any charges related to unsafe or unsound banking practices or violations related to asset quality weaknesses and its compliance with the Bank Secrecy Act. The enforcement action requires the company's board to be more involved in the company's affairs. In addition, the order requires OptimumBank to retain a qualified and experienced management team, including a CEO, a senior lending officer and a CFO. The consent order also listed minimum capital and asset-quality requirements.

Against Memphis, Tenn.-based Independent Bank, a unit of Independent Holdings Inc. on Nov. 17. The enforcement action noted that the company consented to the consent order without admitting or denying any charges related to unsafe or unsound banking practices or violations related to weaknesses in its compliance management system. The regulators require the bank to develop and implement a compliance program and conduct training for its employees on applicable consumer laws.

Removal/prohibition order

Against Larry Henson, former president and CEO of failed Moline, Ill.-based Valley Bank; Fort Lauderdale, Fla.-based Valley Bank; and Freedom Bank, which was acquired by Heartland Financial USA Inc.

Termination of consent orders

Against Glen Cove, N.Y.-based First Central Savings Bank on Nov. 8. The consent order was issued Feb. 17, 2010.

Against Elkins Park, Pa.-based Noah Bank pursuant to delegated authority Nov. 8. The consent order was issued Oct. 23, 2014.

Against Hazel Green, Ala.-based North Alabama Bank, a unit of North Alabama Bancshares Inc., on Nov. 16. The consent order was issued April 26, 2010.

Against Plantation, Fla.-based OptimumBank, a unit of OptimumBank Holdings, on Nov. 21. The consent order was issued April 16, 2010.

Against Raton, N.M.-based International Bank, a unit of Raton Capital Corp. on Nov. 29. The consent order was issued Dec. 16, 2014.

Termination of prompt corrective action directives

Against Parsons, Tenn.-based Community South Bank on Nov. 29. The consent order was issued June 11, 2013.