FDIC Administrative Orders

The FDIC quarterly report has been released and it’s not good news. There are over 550 banks on the problem list. That’s banks and financial institutions that are still in distress.

Here’s a List of Recent Cease-and Desist Orders Made by the FDIC

“A Cease and Desist is an order or request to halt an activity”

1. Advantage Bank of Loveland, CO
2. Felton Bank of Felton, DE
3. First City Bank of Flordia – Fort Walton Beach, FL
4. Montgomery Bank & Trust of Ailey, GA
5. Eastside Commercial Bank of Conyers, GA
6. American Trust Bank of Roswell, GA
7. Ohana Pacific Bank of Honolulu, HI
8. Benchmark Bank of Aurora, IL
9. American Metro Bank of Chicago, IL
10. Edgebrook Bank of Chicago, IL
11. Lincoln Park Savings Bank of Chicago, IL
12. Palos Bank and Trust Company of Palos Heights, IL
13. Peotone Bank and Trust Company of Peotone, IL
14. American Heartland Bank and Trust of Sugar Grove, IL
15. Elkhart Community Bank of Elkhart, IN
16. Hillcrest Bank of Overland Park, KS
17. Peoples Bank and Trust Company of Clinton County – Albany, KY
18. Citizens Bank & Trust Company of Covington, LA
19. Bank of Greensburg of Greensburg, LA
20. Citizens State Bank of New Baltimore, MI
21. Access Bank of Champlin, MN
22. Frontenac Bank of Earth City, MO
23. Union Bank of Kansas City, MO
24. Tayer County Bank of Herbon, NE
25. First State Bank of Cranford, NJ
26. West Coast Bank of Lake Oswego, OR
27. Coatesville Saving Bank of Coatesville, PA
28. R-G Premier Bank of Puerto Rico – Hato Rey, PR
29. Eurobank of San Juan, PR
30. Jefferson Bank of Dallas, TX
31. First Bank of Farmersville, TX
32. North Houston Bank – Houston, TX
33. Oasis Bank of Houston, TX
34. Madisonville State Bank of Madisonville, TX
35. Bank of South Texas of McAllen, TX
36. Capmark Bank of Midvale, UT
37. SunFirst Bank of St. George, UT
38. Evergreen Bank of Seattle, WA
39. Sterling Savings Bank of Spokane, WA
40. Southport Bank of Kenosha, WI

To view the FDIC Quarterly Report for yourself go to the FDIC Quarterly Banking Profile Site.

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Other Resources

• FDIC Investments With Banks
• How To Switch Your Bank For Better Rates
• Guaranty Bank Fails
• FDIC Temporary Changes To Insured Accounts Limits