Eight removal/prohibition orders among agency’s July enforcement actions

Eight removal and prohibition orders were among the 15 enforcement actions the federal bank deposit insurer took in July, the agency said Friday; three “section 19” orders, restoring the ability of individuals to engage in activities at or work for a federally insured bank, were also among the actions.

Among the removal and prohibition orders issued by the Federal Deposit Insurance Corp. (FDIC), in which respondents consented to the orders of prohibition from further participation in the affairs of federally insured institutions (without prior approval of the FDIC), were those for:

  • Antoniet A. De La Cruz, formerly of the International Bank of Commerce, of Laredo, Texas, who (the FDIC alleges) misused her position by executing unauthorized loans and advances, diverting the proceeds for her own benefit and concealing her conduct by falsifying Bank records and forging documents, resulting in a financial benefit to her of at least $192,798, and a loss to the bank.
  • Anaiza Morales, also formerly of the International Bank of Commerce, of Laredo, Texas, who (the FDIC said) exploited her position at the bank to execute unauthorized loans and advances, which were diverted to her own use, and falsified bank records and forged loan documents to conceal her actions – causing a direct financial benefit to her of at least $192,798, and which also caused damage or other loss to the bank.
  • Nirva Balan, formerly of Blue Hills Bank in Boston, Mass., who the FDIC alleges used her access to the bank’s computer system to make several incremental unauthorized cash and check withdrawals from the accounts of two elderly bank customers totaling at least $130,000. The FDIC also noted that Balan retained the cash for her own use and deposited the unauthorized checks into her personal checking account at the Metropolitan Credit Union. She ultimately paid restitution (on behalf of the bank) of $63,000, the FDIC said.
  • Dajana Sarajlic, formerly of Everett Co-Operative Bank of Everett, Mass., who the FDIC said misappropriated approximately $35,271 through a series of unauthorized withdrawals from deposit accounts of deceased Bank customers and used the funds for her own benefit.
  • Karen Floyd, formerly of United Bank in Hartford, Conn., who the FDIC said through unauthorized wire transactions from the bank to her personal accounts, embezzled funds from the bank resulting in a $56,084 loss.
  • Gidget Lynn Stephens, formerly of First Madison Bank & Trust in Colbert, Ga., who, while serving as a teller of the rank, stole approximately $40,600 from the bank, and then used the monies for her own purposes, the FDIC said.
  • Grant Ward, formerly of Oklahoma Heritage Bank of Roff, Okla., for personal dishonesty on his part or demonstrating willful and continuing disregard for the safety or soundness of the bank.
  • Dale A. Carls, formerly of First State Bank of Mendota, Ill., who according to the FDIC obtained personal financial gain involving “personal dishonesty on the part of the respondent” and demonstrated “willful or continuing disregard for the safety and soundness of the Bank.”

The three “section 19” orders approved – restoring individuals’ ability to work or engage with a bank – were:

  • Anthony Johnson (formerly known as Anthony Brown) of New Jersey, after 29 years;
  • Matthew Randleman of Wisconsin, after 14 years;
  • Kevin Brian Dryman after 23 years.

Other enforcement actions taken in July, the FDIC said, included:

  • Assessment of a $10,800 civil money penalty (CMP) against Southwest Capital Bank of Albuquerque, N.M., for failure to obtain and maintain flood insurance at, before or during loan origination or renewal or the term of the loan.
  • Three terminations of actions: for a cease and desist order against Providence Bank of Alpharetta, Ga.; and for consent orders against Oriental Bank of San Juan, P.R., and Urban Partnership Bank of Chicago.

FDIC Makes Public July Enforcement Actions