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FDIC November enforcement actions
The FDIC has released a list of 14 orders of administrative enforcement actions taken against banks and individuals in November. Included was a previously-announced $1.35 million civil money penalty assessed on Homestreet Bank, Seattle, Washington. There were also prohibition orders issued to a former branch banker team leader for Branch Banking and Trust Company, Winston-Salem, NC, found to have stolen funds from a customer's account; and the former president, CEO and vice chairman of the board of The Farmers Bank, Carnegie, OK, found to have intentionally caused the bank to pay for numerous expenses charged to his personal credit card, which were for the benefit of himself or his family. The Farmers Bank was also issued a Prompt Corrective Action order.