NR 99 - 1 FOR IMMEDIATE RELEASE Contact: Frank D. Vance, Jr. (202) 874-4700 January 21, 1999 OCC ANNOUNCES 11 NEW ENFORCEMENT ACTIONS AND THREE TERMINATIONS OF EXISTING ACTIONS WASHINGTON, DC --The Office of the Comptroller of the Currency (OCC) today announced 11 new enforcement actions taken against national banks and three terminations of existing actions. The actions released today include three formal agreements, one civil money penalty and restitution by order of the Comptroller of the Currency, one prohibition by order of the Federal Reserve Board, six civil money penalties, and three terminations of existing enforcement actions. A list of enforcement actions previously disclosed and copies of the actual documents are available from the OCC's Communications Division by writing to: Comptroller of the Currency, Public Information Room (1-5), Washington, DC 20219. Requests made by facsimile transmission should be sent to (202) 874-4448. Please include the identifying enforcement action number when placing an order. Enforcement actions are also listed monthly in OCC Interpretations and Actions. Subscriptions to that publication are available from the OCC's Communications Division. The OCC also maintains a searchable database of all public enforcement actions taken since August 1989 on its Internet Web Site located at http://www.occ.treas.gov/enforce.htm. FORMAL AGREEMENT, BY CONSENT No. Bank/City Date Colorado 98-72 Yampa Valley National Bank, Hayden 11/30/98 Texas 98-73 First National Bank of Littlefield, 12/14/98 Littlefield 98-74 First National Bank of Rotan, Rotan 10/15/98 RESTITUTION AND CIVIL MONEY PENALTY, BY ORDER OF THE COMPTROLLER OF THE CURRENCY No. Individual/Bank/City Date California 98-75 Bank of the Desert, N.A., Indio 7/8/98 PROHIBITION, BY ORDER OF THE FEDERAL RESERVE BOARD No. Individual/Bank/City Date Wisconsin 98-76 James J. Redemann, Evergreen Bank, N.A., 11/30/98 Poy Sippi CIVIL MONEY PENALTIES, BY CONSENT No. Individual/Bank/City Date West Virginia 98-77 Terry L. Church, First National Bank of 12/8/98 Keystone, Keystone 98-78 Julian G. Budnick, First National Bank of 12/8/98 Keystone, Keystone 98-79 Michael F. Gibson, First National Bank of 12/8/98 Keystone, Keystone 98-80 Billie J. Cherry, First National Bank of 12/8/98 Keystone, Keystone 98-81 Andres L. Rago, First National Bank of 12/8/98 Keystone, Keystone 98-82 Louis J. Pais, First National Bank of 12/8/98 Keystone, Keystone TERMINATIONS OF EXISTING ENFORCEMENT ACTIONS No. Individual/Bank/City/Old EA Number Date California 98-83 Gold Country National Bank, Brownsville 11/30/98 [Terminates Formal Agreement #98-54] Ohio 98-84 The Community National Bank, Franklin 12/15/98 [Terminates Formal Agreement #98-60] Wisconsin 98-85 Citizens Bank, N.A., Shawano 6/29/98 [Terminates Formal Agreement #95-23] # # # The OCC charters, regulates and examines approximately 2,600 national banks and 66 federal branches and agencies of foreign banks in the United States, accounting for 58 percent of the nation's banking assets. Its mission is to ensure a safe, sound and competitive national banking system that supports the citizens, communities and economy of the United States.