Correction: Red Mountain Bank print story Jun 12, 2010
A formal agreement reflects a lower level of regulatory concern than a cease and desist order. Presently, almost 1/3 (six of 20) of the national banks in Alabama chartered by the OCC have entered into formal agreements with the OCC and more are expected. (Birmingham Business Journal, AL)
Inland Wetlands Continues Hearingon HRR Application Jun 5, 2010
Ms. Peters said the Inlands Wetlands Commission has issued a cease and desist order. She explained that the commission must restrict the scope of its injunction to wetlands and there are many concerns around the activity that would be within the authority of other commissions such as planning and zoning and the health department. (Voices, CT)
Kenai trail project shut down Jun 1, 2010
KENAI - The state Department of Labor and Workforce Development on Friday issued a cease and desist order to a non-profit outfit doing improvements to a trail in Old Town Kenai ... KENAI - The state Department of Labor and Workforce Development on Friday issued a cease and desist order to a non-profit outfit doing improvements to a trail in Old Town Kenai. (Juneau Empire)
Customers 'cleaned out' by vent cleaning co. May 27, 2010
Last fall, the Department of Agriculture issued a cease and desist order, accusing Portland Green of using pesticide sprays without a license. Portland Green gave KGW the phone numbers of five happy customers, but three of those customers told KGW they felt overcharged and one customer said the company used scare tactics to sell her a package. (KGW Northwest NewsChannel 8, OR -- Business)
Exploiting patriotism for profit May 24, 2010
Sunday, May 23, 2010. Your browsers security settings are preventing some features from appearing. (Honolulu Advertiser)
Turnberry Banks capital slips May 15, 2010
In April, federal regulators hit Turnberry Bank with a cease and desist order, giving it until June 30 to raise its Tier 1 core capital ratio to 8 percent and its total risk-based capital ratio to 12 percent. As of , those ratios were at 3. (South Florida Business Journal, FL)
Malden riled by lack of local job hires May 12, 2010
We decided it was a courtesy before pulling the ultimate trigger, Stallworth said, adding that a cease and desist order would be the next action after fines. Our desire is not to shut down the project itself, but we are serious about compliance. (Boston Globe)
FDIC: Lax controls, bad loans doomed bank May 12, 2010
In 2009, the bank was slapped with enforcement orders, including a cease and desist order and a prompt corrective action order to sell or merge the bank because of dramatic deterioration in American United s loan portfolio. Most Read Stories. (Atlanta Business Chronicle, GA)
Regulators close Access Bank, sell assets May 11, 2010
Last month, the Federal Reserve of Access Bank s holding company, The FDIC issued a cease and desist order against Access Bank in October. http://twincities. (Twin Cities Business Journal, MN)
Florida regulators restrict Bay Gulf CU May 4, 2010
The Florida Office of Financial Regulation issued a cease and desist order to ... The restriction on members business loans is typical in a cease and desist order, DeMare said. (Tampa Bay Business Journal, FL)
Fernandez-Guzman to leave BankUnited for Pacific National Apr 30, 2010
Pacific National has been operating under an OCC cease and desist order regarding Bank Secrecy Act anti-money laundering laws since , and regulators have yet to declare it in compliance. Fernandez-Guzman said that he handled Bank Secrecy Act issues for the much larger BankUnited and many other banks. (South Florida Business Journal, FL)
Woodforest to refund customers $12M in overdraft fee abuse case Apr 27, 2010
which was hit with a cease and desist order by the Office of Thrift Supervision for charging excessive fees to its customers for overdraft protection, agreed to pay a large fine and refund $12 million to its customers ... The OTS hit Woodforest with a cease and desist order, which found that Woodforest relied on unreasonably high levels of such fees, the release said. (Birmingham Business Journal, AL)
Town Agrees to Remediate Dumping Site,Titus Road in Washington Apr 21, 2010
First Selectman Mark Lyon and Highway Director Kevin Smith appeared before the Inland Wetlands Commission at a show cause hearing on Wednesday, April 14, in response to a cease and desist order issued to the town April 7. The order was issued after a local resident complained to the state Department of Environmental Protection that the town was dumping waste material on the wetlands in the flood plain near the bank of the Shepaug River. (Voices, CT)
Lodi Unified School District superintendent's e-mail irks union Apr 14, 2010
Connecting You to Your Community Lodi, California. The following stories have received the most reader comments during the last 7 days. (Lodi News Sentinel, CA)
Feds increase oversight of Access Bank Apr 14, 2010
The agreement also requires the company's board to take steps to ensure Access Bank complies with a cease and desist order that the in October. The FDIC order included a requirement that Access Bank keep its total risk-based capital ratio at 12 percent. (Twin Cities Business Journal, MN)
Conservative legal group calls on Malibu to fight Coastal Commission (2) Apr 14, 2010
" (In the Nollan case, the commission conditioned its issuance of a coastal development permit on the Nollans allowing the public an easement across their property to access the beach. The court ruled that the state could not compel coastal residents alone to provide beach access, that the state could exercise its eminent domain power and pay for access easements.)In addition to abusing its permitting authority, the commission is misusing its statutory power, the attorneys said.In one example,... (Malibu Times, CA)
Selectmen Cited for Dumping on Titus Road Apr 10, 2010
A cease and desist order was scheduled to be issued this week by Zoning Enforcement Officer Michael Ajello. A local resident complained to the state Department of Environmental Protection that the town was dumping waste material on the wetlands in the flood plain near the bank of the Shepaug River. (Voices, CT)
First Banks agrees to plan to boost financials Mar 30, 2010
Regulators characterized these agreements as informal actions that were neither published nor made publicly available by the agencies and are used when circumstances warrant a milder form of action than a formal supervisory action, such as a written agreement or cease and desist order, according to the regulatory filing. First Banks President and Chief Executive Terrance McCarthy said his company has been working with regulators "since the start of this economic cycle to ensure we are... (St. Louis Business Journal, MO)
Avago files suit against STMicroelectronics Mar 30, 2010
The ITC has recommended an exclusion order to prevent further importation, and also recommended a cease and desist order to prevent Emcore from selling already imported infringing products. Free Subscription to EE Times. (EETimes)
Sunrise Bank ordered to sell or recapitalize Mar 27, 2010
The FDIC had issued Sunrise a cease and desist order on Sept. 29, claiming it had engaged in unsafe and unsound banking practices. That order said the bank was engaging in hazardous lending and lax collection practices, operating with an inadequate level of capital protection for the kind and quality of assets held and operating with an excessive concentration of credit in commercial real estate loans. (New Mexico Business Weekly, NM)
Fox River State raises $3.3M in offering Mar 26, 2010
which in October 2009 agreed to a cease and desist order with bank regulators to resolve problem loans and improve its capital position, said it has raised more than $3 ... The relatively high level of capital provides the bank with the resources to continue doing business, but it wasn t immediately clear whether the capital-raise will enable the bank to exit the cease and desist order. (Milwaukee Business Journal, WI)
Cease and desist order issued Mar 23, 2010
North Dakota Attorney General Wayne Stenehjem announced this afternoon that he has issued a Cease and Desist Order against Bakken Exploration, LLC of Brighton, Colo. The order is against the company and its principals for alleged violations of North Dakota consumer fraud law and failure to respond to a Civil Investigation Demand. (Williston Daily Herald, ND)
Underwriting key in First Coweta failure Mar 16, 2010
The FDIC issued a cease and desist order against the bank made public in April 2009. The order required the bank to improve its financial condition, raise capital and retain new management and improve oversight by the board of directors. (Atlanta Business Chronicle, GA)
Chinmax Defends its Distribution Rights to Biosite Triage Products, Filing Suit in China against Subsidiary of Inverness Medical Innovations Mar 8, 2010
Chinmax is seeking from the court a cease and desist order prohibiting the defendants from importing and selling the relevant products in China. Chinmax is also asking the court to order Inverness Medical Beijing to return the relevant product registration documents to Chinmax and stop infringing acts before China's State Food and Drug Administration ("SFDA"). (Canada Newswire)
Gene Kelly statue may still be erected Mar 7, 2010
Around 2004, "I received a cease and desist order from her attorney out of the blue," said committee member Melissa Rossiter, who was Mayor Tom Murphy's liaison and spokeswoman on the project. There was no explanation. (Pittsburgh Post-Gazette, PA)
City committee working toward solution for neglected cemetery Mar 4, 2010
Funeral homes are still prohibited from burying people in Lincoln Cemetery due to the city's cease and desist order. The city council is expected to address lifting that order soon. (WSFA.com, AL)
Pronto Envios ordered to stop transfers Mar 3, 2010
Pronto Envios hit with cease and desist order - South Florida Business Journal ... Pronto Envios hit with cease and desist order ... Florida regulators have issued a cease and desist order against , a New York-based money transfer company that targets the Hispanic community. (South Florida Business Journal, FL)
Lincoln Cemetery receives much needed cleaning Feb 28, 2010
Secondly, they've sent out cease and desist orders to companies still burying people there ... He said he got the cease and desist order and will not bury anyone else. (WSFA.com, AL)
Inland Wetlands Denies Railroad Application Feb 27, 2010
Subsequently, the office issued a cease and desist order after the HRR performed more work in the area ... Ms. Astarita told the homeowner he could not use that type of tank above ground and issued a cease and desist order ... The commission unanimously agreed to uphold the violation and gave the homeowner 45 days to comply with the terms of the cease and desist order. (Voices, CT)
Waters loves Horn’s work aplenty Feb 18, 2010
Earlier this month, Tyler s lawyer sent the rest of the band a cease and desist order, stating that Tyler opposed the search for a new lead singer to replace him while he s in rehab. The band was scheduled to have a meeting about the future of Aerosmith last week. (Boston Globe)
Three entities ordered to cease and desist Feb 17, 2010
Insurance commissioner issues cease and desist orders - South Florida Business Journal ... Insurance commissioner issues cease and desist orders ... Florida Insurance Commissioner Kevin McCarty has issued cease and desist order to three entities, including Sunrise-based and its subsidiaries, for selling services without a license. (South Florida Business Journal, FL)
CIT Taps Ousted Merrill Lynch Chief John Thain to Run 102-Year-Old Lender Feb 8, 2010
Some units can fit into CITs Utah-based bank if Thain can get the Federal Deposit Insurance Corp. to lift a cease and desist order it has placed on that business, he said. He said its too early to speculate about whether the other businesses, which have traditionally relied on funding from the capital markets, should be sold. (Bloomberg)
Inland Wetlands Commission Tables Railroad Discussion Feb 6, 2010
Ms. Astarita will issue a cease and desist order for their next meeting. Voices 2010. (Voices, CT)
Community Bank & Trust was taken over by banking regulators Friday and then sold to SCBT, N.A., based in Orangeburg, S.C. Feb 5, 2010
The bank group had been operating under a cease and desist order issued by regulators last June. SCBT received 64. (Clayton Tribune, GA)
The cost to Boston Scientific Corp. for all its lawsuit settlements Feb 3, 2010
Galvin won the administrative case, getting a cease and desist order regarding Goldstein s website activity and a fine of $25,000. Goldstein appealed the decision to Superior Court and lost. (Boston Globe)
Rainier Pacific Financial loses $26.5M in Q4; shares dip Feb 2, 2010
the Federal Deposit Insurance Corp. and the Washington Department of Financial Institutions issued a cease and desist order to the bank, which followed a Sept. 8 FDIC directive, a Supervisory Prompt Corrective Action Directive, which gave the bank 60 days to recapitalize. Those regulatory notices, coupled with bank s inability to recapitilize, raise substantial doubt about the company s and the bank s ability to continue as going concerns, officials said in a statement, adding that if the bank s... (Puget Sound Business Journal, WA)
Graton sewer district taps FEMA for flood wall Jan 30, 2010
In 2007, the district was hit with $56,000 in penalties by the NCRWQCB for late reporting and violating state and federal effluent limits for violations covering a period from Oct. 6, 2004 through Oct. 30, 2006, which led to a cease and desist order on discharges into Atascadero Creek. Rawson said that although facility upgrades are moving in the right direction, there are still possibilities of fines in the future, particularly surrounding reports required by the NCRWQCB since the initial... (Sebastopol Sonoma West Publishing, CA)
2 on Cape charged in securities fraud Jan 28, 2010
Secretary of State William Galvin sought a cease and desist order against Thomas Belekewicz of Sandwich and Merope Davos of Mashpee. The pair and their business, Investment Realty Funding Inc., allegedly sold promissory notes in a fund that loaned money to real estate developers and contractors. (Boston Globe)
Mannheim City Threatens to Sue Co-founder of Mikogo for Twitter Name Jan 22, 2010
Fast forward to today, and he has received a cease and desist order threatening him to give up the Twitter account ... The City of Mannheim went as far as saying that if Mr. Zondler attempts to take any other action not specified in the cease and desist order, the city would be forced to take immediate legal steps against him. (Yahoo! Wire -- Entertainment News)
Alaska Pacific Bank restates its results Jan 21, 2010
If the bank falls below the required capital ratios, the OTS could impose fines or issue a cease and desist order requiring further corrective actions. Dahl said he expects the bank to remain above its required capital ratios but that it may have taken the TARP funds to do that. (Juneau Empire)
Pacific National Bank CEO resigns Jan 20, 2010
It has been operating under an OCC cease and desist order regarding Bank Secrecy Act anti-money laundering laws since 2005 and regulators have yet to declare it in compliance. Longtime chairman Antonio Prado resigned from Pacific National in September. (South Florida Business Journal, FL)
Exco Marcellus Shale drilling continues Jan 16, 2010
Independent oil and natural gas company said Friday that news reports suggesting the company has been issued a cease and desist order on drilling activities in a certain part of the Marcellus Shale are not accurate. The Dallas-based company said a local township supervisor did send a letter to Exco raising some concerns about the zoning designation of an area where Exco had drilled a vertical well, but the company has the necessary permissions to drill in the area and operations continue. (Dallas Business Journal, TX)
ShoreBank gets order barring dividends Jan 13, 2010
Top Finance Headlines. Top Government Headlines. (Crain's Chicago Business)
Melnuk, Hillman to buy WestBridge Bank & Trust Jan 10, 2010
Hummell, a former executive at Mark Twain and Missouri State banks, joined WestBridge a year ago after the Federal Deposit Insurance Corp. issued a cease and desist order criticizing the bank s unsound banking practices, including hazardous credit underwriting. Hummell replaced Scott Schmid, a founder of the bank and former PrivateBank executive who remains on the board. (St. Louis Business Journal, MO)
NY orders town to suspend public use of senior center Jan 10, 2010
Joe R alter ego wrote on Jan 8, 2010 9:41 PM:" Bravo to ExGreenLander for interjecting some common sense and fiscal realities to this issue. I think this would be an excellent time to bring some background to this story. Ms. Hammonds demand to the Town of Catskill to suspend the practice of holding meetings at the Catskill Senior Center has nothing to do with OCRs concern of compliance with CDBG regulations. The impetus to this ruling is in fact, much more nefarious in nature and... (Catskill Daily Mail, NY)
