Separate civil money penalties (CMPs) totaling $243,000 were assessed on five individuals by the Office of the Comptroller of the Currency (OCC), as reported earlier this month; the national bank regulator also reported it took seven more actions, including termination of an existing enforcement action.
In its November report on enforcement actions and termination, the OCC reported the largest CMP assessed was for $125,000 against Michael McCarthy of First National Bank in Edinburg, Texas. The bank was closed by the agency in September 2013. According to the OCC consent order, McCarthy “engaged in reckless unsafe or unsound practices, breached his fiduciary duty” and violated cease-and-desist orders.
“These practices, breaches, and violations were part of a pattern of misconduct, caused loss to the Bank, and caused prejudice to the interests of the Bank depositors. Further, Respondent’s misconduct involved personal dishonesty and demonstrated willful and continuing disregard for the safety and soundness of the Bank,” the order states.
Two others from the closed bank — Eduardo Leal and Robert Gandy III – were also assessed CMPs, for $3,000 and $75,000, respectively. Additionally, Leal was given a “cease and desist” order, requiring him to present to any future employer at a financial institution a certificate indicating he has agreed to comply with all “laws, regulations, and policies applicable to any insured depository institution with which he is affiliated,” among other things.
McCarthy and Gandy, however, were presented with orders of prohibition, banning them from voting in or taking part in the decisions of federally insured financial institutions (unless they obtain a waiver from the regulator).
Others given prohibition orders included: Karen Kirkland, The Citizens National Bank of Lebanon, Lebanon, Ky.; Shelly M. Skenzich, The First National Bank of Gilbert, Gilbert, Minn.; Mark B. Jordan, The Citizens National Bank of Meridian, Meridian, Miss.
Also, a termination of an existing enforcement action (a cease and desist) was also issued for Grand Bank, National Association, of Hamilton, N.J.
OCC Enforcement Actions and Terminations for November 2017
OCC Enforcement Actions and Terminations
Enforcement actions (and terminations of actions) taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. Use the arrows to the right of each column header to sort in ascending/descending orders; use the "search" pane to list entries by specific terms (e.g., "Civil Money Penalty Order.") Expand the number of entries shown by using the drop-down selection below (e.g., increase entries shown from three to 10, etc.)| Order/action type | State | No. | Name/Bank/City | Date | Reported |
|---|---|---|---|---|---|
| ACTION TYPE | STATE | NUMBER | Name/Bank/City | DATE | REPORTED |
| Terminations of Existing Enforcement Actions | New Jersey | 2017-093 | C&D , Grand Bank, National Association, Hamilton (EA# 2015-123) | September 20, 2017 | 11/16/2017 |
| Civil Money Penalty Order | Mississippi | 2017-087 | First FS & LA, Pascagoula | October 31, 2017 | 11/16/2017 |
| Removal / Prohibition Orders | Mississippi | 2017-092 | Mark B. Jordan, The Citizens National Bank of Meridian, Meridian | October 26, 2017 | 11/16/2017 |
| Civil Money Penalty Order | Texas | 2017-088 | Robert Gandy, III, First National Bank, Edinburg | October 25, 2017 | 11/16/2017 |
| Civil Money Penalty Order | Texas | 2017-089 | Eduardo Leal, First National Bank, Edinburg | October 25, 2017 | 11/16/2017 |
| Civil Money Penalty Order | Texas | 2017-090 | Michael McCarthy, First National Bank, Edinburg | October 25, 2017 | 11/16/2017 |
| Personal Cease and Desist Orders | Texas | 2017-089 | Eduardo Leal, First National Bank, Edinburg | October 25, 2017 | 11/16/2017 |
| Removal / Prohibition Orders | Texas | 2017-088 | Robert Gandy, III, First National Bank, Edinburg | October 25, 2017 | 11/16/2017 |
| Removal / Prohibition Orders | Texas | 2017-090 | Michael McCarthy, First National Bank, Edinburg | October 25, 2017 | 11/16/2017 |
| Civil Money Penalty Order | Kentucky | 2017-086 | Karen Kirkland, The Citizens National Bank of Lebanon, Lebanon | October 5, 2017 | 11/16/2017 |
| Removal / Prohibition Orders | Kentucky | 2017-086 | Karen Kirkland, The Citizens National Bank of Lebanon, Lebanon | October 5, 2017 | 11/16/2017 |
| Removal / Prohibition Orders | Minnesota | 2017-091 | Shelly M. Skenzich, The First National Bank of Gilbert, Gilbert | October 4, 2017 | 11/16/2017 |
| Removal / Prohibition Orders | Ohio | 2018-001 | Taylor Mitchell, U.S. Bank National Association, Cincinnati | January 3, 2018 | 01/19/2018 |
| Civil Money Penalty Order | South Dakota | 2017-104 | Citibank, National Association, Sioux Falls | December 27, 2017 | 01/19/2018 |
| Terminations of Existing Enforcement Actions | Utah | 2017-108 | C&D , American Express Bank, FSB, Salt Lake City (EA# 2013-189) | December 18, 2017 | 01/19/2018 |
| Civil Money Penalty Order | Missouri | 2017-105 | Mark Perkins, First Community National Bank, Cuba | December 12, 2017 | 01/19/2018 |
| Personal Cease and Desist Orders | Missouri | 2017-105 | Mark Perkins, First Community National Bank, Cuba | December 12, 2017 | 01/19/2018 |
| Personal Cease and Desist Orders | Missouri | 2017-106 | Robert Ringsdorf, Boulevard Bank, Neosho | December 7, 2017 | 01/19/2018 |
| Prompt Corrective Action Directives | Illinois | 2017-109 | Washington Federal Bank For Savings, Chicago | December 7, 2017 | 01/19/2018 |
| Terminations of Existing Enforcement Actions | Kentucky | 2017-107 | FA, Blue Grass FS & LA, Paris (EA# 2016-021) | December 6, 2017 | 01/19/2018 |
| Civil Money Penalty Order | Texas | 2017-075 | Dwayne Bair, First National Bank, Edinburg | 10/02/2017 | 10/19/2017 |
| Civil Money Penalty Order | Texas | 2017-076 | Oscar Garza, Jr., First National Bank, Edinburg | 10/02/2017 | 10/19/2017 |
| Civil Money Penalty Order | Texas | 2017-077 | Arcadio Guerra, First National Bank, Edinburg | 10/02/2017 | 10/19/2017 |
| Civil Money Penalty Order | Texas | 2017-078 | Jack McClelland, First National Bank, Edinburg | 10/02/2017 | 10/19/2017 |
| Personal Cease and Desist Order | Texas | 2017-075 | Dwayne Bair, First National Bank, Edinburg | 10/02/2017 | 10/19/2017 |
| Personal Cease and Desist Order | Texas | 2017-076 | Oscar Garza, Jr., First National Bank, Edinburg | 10/02/2017 | 10/19/2017 |
| Personal Cease and Desist Order | Texas | 2017-077 | Arcadio Guerra, First National Bank, Edinburg | 10/02/2017 | 10/19/2017 |
| Personal Cease and Desist Order | Texas | 2017-078 | Jack McClelland, First National Bank, Edinburg | 10/02/2017 | 10/19/2017 |
| Removal / Prohibition Order | Nebraska | 2017-080 | Dana Corday, First National Bank of Omaha, Omaha | 09/28/2017 | 10/19/2017 |
| Notices filed | Texas | N17-003 | Saul Ortega, First National Bank, Edinburg | 09/25/2017 | 10/19/2017 |
| Notices filed | Texas | N17-003 | David Rogers, Jr., First National Bank, Edinburg | 09/25/2017 | 10/19/2017 |
| Terminations of Existing Enforcement Action | Georgia | 2017-082 | C&D, First National Bank of Griffin, Griffin (EA# 2009-187) | 09/19/2017 | 10/19/2017 |
| Terminations of Existing Enforcement Action | Kentucky | 2017-084 | C&D, Citizens Commerce National Bank, Versailles (EA# 2010-072) | 09/12/2017 | 10/19/2017 |
| Removal / Prohibition Order | Kansas | 2017-079 | Ashley Blacketer, Exchange National Bank & Trust Co., Atchison | 09/08/2017 | 10/19/2017 |
| Removal / Prohibition Order | South Dakota | 2017-081 | Shawna L. Swain, Wells Fargo Bank, National Association, Sioux Falls | 09/07/2017 | 10/19/2017 |
| Terminations of Existing Enforcement Action | Ohio | 2017-085 | C&D, JPMorgan Chase Bank, National Association, Columbus (EA# 2013-138) | 09/07/2017 | 10/19/2017 |
| Civil Money Penalty Order | Illinois | 2017-074 | Edward Fitzgerald, The National Republic Bank of Chicago, Chicago | 09/06/2017 | 10/19/2017 |
| Removal / Prohibition Order | Illinois | 2017-074 | Edward Fitzgerald, The National Republic Bank of Chicago, Chicago | 09/06/2017 | 10/19/2017 |
| Terminations of Existing Enforcement Action | Illinois | 2017-083 | C&D, First National Bank of Brookfield, Brookfield (EA# 2010-241) | 08/31/2017 | 10/19/2017 |
| Removal / Prohibition Order | South Dakota | 2017-069 | Jenai J. Johnson, Wells Fargo Bank, National Association, Sioux Falls | 08/24/17 | 09/17/2017 |
| Removal / Prohibition Order | South Dakota | 2017-070 | Daksha Laxman, Wells Fargo Bank, National Association, Sioux Falls | 08/24/17 | 09/17/2017 |
| Restitution Order | Missouri | 2017-069 | Jenai J. Johnson, Wells Fargo Bank, National Association, Sioux Falls | 08/24/17 | 09/17/2017 |
| Terminations of Existing Enforcement Action | Rhode Island | 2017-071 | FA, Citizens Bank, National Association, Providence (EA# 2014-060) | 08/18/17 | 09/17/2017 |
| Terminations of Existing Enforcement Action | Rhode Island | 2017-072 | C&D, Rbs Citizens, National Association, Providence (EA# 2015-088) | 08/18/17 | 09/17/2017 |
| Removal / Prohibition Order | Ohio | 2017-067 | Samuel Marquez, U.S. Bank National Association, Cincinnati | 08/17/17 | 09/17/2017 |
| Civil Money Penalty Order | Ohio | 2017-065 | U.S. Bank National Association, Cincinnati | 08/16/17 | 09/17/2017 |
| Personal Cease and Desist Order | Arkansas | 2017-066 | Wilson Daniels Bynum, One Bank & Trust, National Association, Little Rock | 08/9/17 | 09/17/2017 |
| Removal / Prohibition Order | South Dakota | 2017-068 | Anne-Marie Drexel, Wells Fargo Bank, National Association, Sioux Falls | 08/9/17 | 09/17/2017 |
| Civil Money Penalty Order | Georgia | 2017-064 | William R. Blanton, United Americas Bank, National Association, Atlanta (Appeal docketed, No. 17-1188 (DC Cir., August 8, 2017) | 07/10/17 | 09/17/2017 |
| Order/action type | State | No. | Name/Bank/City | Date | |
| Civil Money Penalty Order | Texas | 2017-075 | Dwayne Bair, First National Bank, Edinburg | 10/02/2017 | |
| Civil Money Penalty Order | Texas | 2017-076 | Oscar Garza, Jr., First National Bank, Edinburg | 10/02/2017 | |
| Civil Money Penalty Order | Texas | 2017-077 | Arcadio Guerra, First National Bank, Edinburg | 10/02/2017 | |
| Civil Money Penalty Order | Texas | 2017-078 | Jack McClelland, First National Bank, Edinburg | 10/02/2017 | |
| Personal Cease and Desist Order | Texas | 2017-075 | Dwayne Bair, First National Bank, Edinburg | 10/02/2017 | |
| Personal Cease and Desist Order | Texas | 2017-076 | Oscar Garza, Jr., First National Bank, Edinburg | 10/02/2017 | |
| Personal Cease and Desist Order | Texas | 2017-077 | Arcadio Guerra, First National Bank, Edinburg | 10/02/2017 | |
| Personal Cease and Desist Order | Texas | 2017-078 | Jack McClelland, First National Bank, Edinburg | 10/02/2017 | |
| Removal / Prohibition Order | Nebraska | 2017-080 | Dana Corday, First National Bank of Omaha, Omaha | 09/28/2017 | |
| Notices filed | Texas | N17-003 | Saul Ortega, First National Bank, Edinburg | 09/25/2017 | |
| Notices filed | Texas | N17-003 | David Rogers, Jr., First National Bank, Edinburg | 09/25/2017 | |
| Terminations of Existing Enforcement Action | Georgia | 2017-082 | C&D, First National Bank of Griffin, Griffin (EA# 2009-187) | 09/19/2017 | |
| Terminations of Existing Enforcement Action | Kentucky | 2017-084 | C&D, Citizens Commerce National Bank, Versailles (EA# 2010-072) | 09/12/2017 | |
| Removal / Prohibition Order | Kansas | 2017-079 | Ashley Blacketer, Exchange National Bank & Trust Co., Atchison | 09/08/2017 | |
| Removal / Prohibition Order | South Dakota | 2017-081 | Shawna L. Swain, Wells Fargo Bank, National Association, Sioux Falls | 09/07/2017 | |
| Terminations of Existing Enforcement Action | Ohio | 2017-085 | C&D, JPMorgan Chase Bank, National Association, Columbus (EA# 2013-138) | 09/07/2017 | |
| Civil Money Penalty Order | Illinois | 2017-074 | Edward Fitzgerald, The National Republic Bank of Chicago, Chicago | 09/06/2017 | |
| Removal / Prohibition Order | Illinois | 2017-074 | Edward Fitzgerald, The National Republic Bank of Chicago, Chicago | 09/06/2017 | |
| Terminations of Existing Enforcement Action | Illinois | 2017-083 | C&D, First National Bank of Brookfield, Brookfield (EA# 2010-241) | 08/31/2017 |