News Release 2001-47 | May 15, 2001
OCC Announces 10 New Enforcement Actions and 2 Terminations
WASHINGTON, DC — The Office of the Comptroller of the Currency (OCC) today announced 10 new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks and 2 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 Website located at http://www.occ.treas.gov/enforce/enforce.htm.
Formal Agreements, by Consent |
No. |
Bank/City |
Date |
California |
2001-25 |
Taft National Bank, Taft |
03/21/01 |
Cease and desist Orders, by Consent |
No. |
Bank/City |
Date |
Arizona |
2001-24 |
Direct Merchants Credit Card Bank, N.A., Scottsdale |
05/03/01 |
Minnesota |
2001-26 |
First National Bank of the North, Sandstone |
04/06/01 |
Ohio |
2001-27 |
Home National Bank, Racine |
04/30/01 |
Personal Cease and Desist Order, by Consent |
No. |
Individual/Bank/City |
Date |
Minnesota |
2001-28 |
Michael R. Morgan, The First National Bank & Trust of Pipestone, Pipestone |
04/05/01 |
South Dakota |
2001-28 |
Michael R. Morgan, The First National Bank in Garretson, Garretson |
04/05/01 |
Civil Money Penalties, by Consent |
No. |
Individual/Bank/City |
Date |
Minnesota |
2001-28 |
Michael R. Morgan, The First National Bank & Trust of Pipestone, Pipestone |
04/05/01 |
South Dakota |
2001-28 |
Michael R. Morgan, The First National Bank in Garretson, Garretson |
04/05/01 |
Removals/Prohibitions, by Consent |
No. |
Individual/Bank/City |
Date |
Minnesota |
2001-28 |
Michael R. Morgan, The First National Bank & Trust of Pipestone, Pipestone |
04/05/01 |
South Dakota |
2001-28 |
Michael R. Morgan, The First National Bank in Garretson, Garretson |
04/05/01 |
Terminations of Existing Enforcement Actions |
No. |
Type/Bank/City/Old EA# |
Date |
North Carolina |
2001-29 |
CO, Omni (f.k.a. United) National Bank, Fayetteville, (EA #99-79) |
04/12/01 |
Ohio |
2001-3 |
FA, Home National Bank,Racine, (EA #99-7) |
04/30/01 |
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