Enforcement actions

Final Decisions and Orders of Prohibition

The Federal hold Board announced on August 17 2005 the issuance of a final decision and order of prohibition against Walter C Cleveland, a former employee of First National Bank, Lubbock Texas. The order, the proceed of an action brought by dint of the Office of the Comptroller of the publicity prohibits Mr. Cleveland from participating in the administration of the affairs of any financial institution or holding company.

The Federal lay by Board announced on September 15 2005 the issuance of an order of prohibition against Hanspeter Walder, a former employee and officer of the of recent origin York Branch of UBS AG, Zurich, Switzerland. The order was issued relating to Mr Walder's violations of law, unsafe and rotten banking practices, and breaches of fiduciary duties to UB and its customers in connection with his embezzlement of stocks for personal use.

Mr Walder, a private banker, embezzled more than $70 million from at least twenty-two UB private client accounts below his responsibility. Mr. Walder pleaded guilty to sixteen numbers of embezzlement and misapplication by the agency of a bank officer or employee and is generally serving a ninety-seven month prison determination Mr. Walder was ordered to make restitution of $70 million and to pay a fine of $1 million. As required by dint of the court at sentencing, Mr Walder has assented to the issuance of the order of prohibition.

The Federal store up Board announced on September 20 2005 the issuance of a final decision and order of prohibition against Brian Bonetti, a former employee of National City Bank, Cleveland, Ohio. The order, the come of an action brought by means of the Office of the Comptroller of the publicity prohibits Mr. Bonetti from participating in the guidance of the affairs of any financial institution or holding company.

The Federal lay by Board announced on September 28 2005 the issuance of an order of prohibition against Jessica Faris, a former employee and institution-affiliated party of SunTrust Bank, Atlanta, Georgia.

M Faris, without admitting to any allegations, assented to the issuance of the order based upon her alleged violations of law and breaches of fiduciary what one ought to do to SunTrust Bank and its customers in connection with embezzlement of stocks and falsification of the bank's volumes and records at a cash vault processing center

The Federal keep Board announced on October 24 2005 the issuance of a concurrence notice of suspension and prohibition against William R Kahler, an officer of Primebank, LeMars, Iowa, a state member bank.

A notice of suspension and prohibition was issued below a provision of the Federal Deposit Insurance Act that authorizes the Federal withhold Board and other bank regulators to limit the activities of bank officials who have been charged with certain criminal offense pending the resolution of the charges.

Written Agreements

The Federal retain Board and the New York State Banking Department announced upon October 14, 2005, the execution of a written agreement by dint of and among the Deutsche Bank Trust Company Americas, fresh York, New York, the Federal lay by Bank of New York, and the fresh York State Banking Department.

The written agreement addresses Bank privacy Act and anti-money-laundering compliance at Deutsche Bank Trust Company Americas, including policies and practices relating to the provision of correspondent banking services.

The Federal husband Board announced on October 14 2005 the execution of a written agreement by means of and between Surety Capital Corporation, Fort Worth, Texas, and the Federal retain Bank of Dallas.

Termination of Enforcement Actions

The Federal husband Board announced on September 26 2005 the termination of the enforcement actions listed below.

* First State Bank of Warner, Warner, southerly Dakota

Written agreement dated December 11 2001

Terminated September 20 2005

* Midwest Banc Holdings, Inc., Melrose Park, Illinois, and Midwest Bank and Trust Company, Elmwood Park, Illinois

Written agreement dated March 15 2004

Terminated September 16 2005

upon October 5, 2005, the Federal withhold Board announced the termination of the following enforcement action.

* First Midwest Bank, Itasca, Illinois

Written agreement dated July 9 2004

Terminated September 30 2005

upon October 25, 2005, the Federal withhold Board announced the termination of the following enforcement action.

* Ridgedale State Bank, Minnetonka, Minnesota

Written agreement dated July 29 2004

Terminated October 25 2005

upon October 26, 2005, the Federal store up Board announced the termination of the following enforcement action.

AmericasBank Corporation and AmericasBank, Towson, Maryland

Written agreement dated August 3 2001

Terminated October 12 2005

The Federal Reserve's enforcement action web site, www.federalreserve.gov/boarddocs/enforcement, reports the terminations as they occur

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