Regulatory actions reported by the Office of the Comptroller of the Currency this month fell by more than half from last month. Regulatory activity by other financial institution regulators was also soft.
The OCC last week reported that it recently issued or terminated 21 regulatory actions — a far cry from the 46 actions reported last month. The OCC charters, regulates and supervises all national banks.
Among the latest actions were the following four cease-and-desist orders. Bank failures are often preceded by cease-and-desist orders.
| Company | Location | Regulator | Order/Docket No. | Date |
| Community National Bank at Bartow | Bartow, Calif. | OCC | 2010-134 | May 26 |
| Merchants Bank of California, National Association | Carson, Calif. | OCC | 2010-132 | June 23 |
| Trans Pacific National Bank | San Francisco | OCC | 2010-133 | June 16 |
| Wachovia Bank, National Association (personal C&D against Linda Pera) | Charlotte, N.C. | OCC | 2010-141 | May 10 |
A cease-and-desist order against The First National Bank of Logan in Logan, Iowa, was terminated (No. 2010-149) by the OCC on May 21.
Formal agreements frequently require financial institutions to boost or conserve capital, improve operations and sometimes replace management. Such agreements were recently reached with the following banks.
| Company | Location | Regulator | Order/Docket No. | Date |
| A. E. Bancorp Inc. | Buffalo Grove, Ill. | Federal Reserve Bank of Chicago | Docket No.10–126-WA/RB-HC | July 1 |
| American Bank of Texas, National Association | Marble Falls, Texas | OCC | 2010-146 | June 2 |
| BANK VI | Salina, Kan. | Federal Reserve Bank of Kansas City, Kansas Office of the State Bank Commissioner | Docket No. 10-132 -WA/RB-SMRB-SM | July 14 |
| Bank of Whitman Employee Stock Ownership Plan, Whitman Bancorporation Inc., Bank of Whitman | Colfax, Wash. | Federal Reserve Bank of San Francisco | 10-112-WA/RB-HC, 10-112-WA/RB-SM | July 8 |
| Bannister Bancshares Inc. | Kansas City, Mo. | Federal Reserve Bank of Kansas City | Docket No. 10-125-WA/RB-HC | July 7 |
| BCB Holding Company Inc. | Mobile, Ala. | Federal Reserve Bank of Atlanta | Docket No. 10-116-WA/RB-HC | June 28 |
| The Central National Bank of Alva | Alva, Okla. | OCC | 2010-145 | June 9 |
| Central Pacific Financial Corp. | Honolulu | Federal Reserve Bank of San Francisco, Hawaii Division of Financial Institutions | Docket No. 10-136-WA/RB-HC | July 2 |
| Dickinson Financial Corporation II, Dickinson Financial Corp. | Kansas City, Mo. | Federal Reserve Bank of Kansas City | Docket No. 10-134-WA/RB-HC | June 29 |
| The First National Bank of Grant Park | Grant Park, Ill. | OCC | 2010-144 | June 22 |
| First Olathe Bancshares Inc. | Overland Park, Kan. | Federal Reserve Bank of Kansas City | Docket No. 10-119-WA/RB-HCon | July 7 |
| Landmark Bank, National Association | Fort Lauderdale, Fla. | OCC | 2010-143 | June 17 |
| Pilot Bancshares Inc., Pilot Bank | Tampa, Fla. | Federal Reserve Bank of Atlanta, State of Florida Office of Financial Regulation | Docket No. 10-010-WA/RB-SM, OFR Administrative File No. 724-Fl-02/10 | July 7 |
| Premier Bank Holding Co. | Tallahassee, Fla. | Federal Reserve Bank of Atlanta | Docket No.10–122-WA/RB-HC | July 7 |
The OCC terminated (No. 2010-150)Â a formal agreement with First National Community Bank in New Richmond, Wis., on May 13.
Civil money penalties were recently issued against the following individuals or institutions by the OCC.
| Company | Individual | Location | Regulator | Order/Docket No. | Amount | Date |
| American National Bank | na | Omaha, Neb. | OCC | 2010-135 | na | June 22 |
| Conway Bank, National Association | Jerod Heiman | Conway Springs, Kan. | OCC | 2010-137 | na | June 15 |
| Conway Bank, National Association | John McKay | Conway Springs, Kan. | OCC | 2010-139 | na | June 15 |
| Conway Bank, National Association | Joseph Rottinghaus | Conway Springs, Kan. | OCC | 2010-140 | na | June 15 |
| Conway Bank, National Association | Michael Lies | Conway Springs, Kan. | OCC | 2010-138 | na | June 15 |
| Conway Bank, National Association | Norbert Gerstenkorn | Conway Springs, Kan. | OCC | 2010-136 | na | June 15 |
| The National Bank of Malvern | Lydia H. Willits | Malvern, Pa. | OCC | 2010-142 | na | May 28 |
| Wachovia Bank, National Association | Linda Pera | Charlotte, N.C. | OCC | 2010-141 | na | May 10 |
The OCC and the Fed reported these two prompt correction actions.
| Employer | Location | Regulator | Order/Docket # | Date |
| Home National Bank | Blackwell, Okla. | OCC | 2010-147 | May 11 |
| Home Valley Bank | Grants Pass, Ore. | Federal Reserve Board | Docket No. 10-144-PCA-SM | July 6 |
The following individuals have either been banned from being associated with banks or credit unions.
| Company | Individual | Location | Regulator | Order/Docket # | Date |
| Cooperative Teachers Credit Union | Lisa Zimmerman Dodson | Tyler, Texas | NCUA | na | July 19 |
| Deseret First Federal Credit Union | Nathan Douglas Cranney | Salt Lake City | NCUA | na | July 19 |
| First Integrity Bank, National Association | Allen R. Ellis | Staples, Minn. | OCC | 2010-148 | June 1 |
| Maine Family Federal Credit Union | Tiffany D. Churchill | Lewiston, Maine | NCUA | na | July 19 |
| Prime Financial Credit Union | Richard Koenig | Cudahy, Wis. | NCUA | na | July 19 |
A notice (No. N10-002) was filed by the OCC on June 14 against James Klein of First National Bank of Platteville in Platteville, Wis.
