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	<title>Bank-Implode! &#187; FDIC CEASE AND DESIST</title>
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		<title>Sterling Financial Corporation</title>
		<link>http://bankimplode.com/blog/2009/10/16/sterling-financial-corporation/</link>
		<comments>http://bankimplode.com/blog/2009/10/16/sterling-financial-corporation/#comments</comments>
		<pubDate>Fri, 16 Oct 2009 23:39:07 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[FDIC CEASE AND DESIST]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=3340</guid>
		<description><![CDATA[Sterling financial Corp was rocked with a cease-and-desist order from FDIC, resulting in a shakeout of upper management. The bank must now raise additional capital and shore up financial buffers against the rising tide of nonperforming loans. Sterling Financial Corp., the parent company of Washington’s second largest bank, announced a management shakeup early Thursday morning [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>First Mariner Bank, Baltimore, Maryland</title>
		<link>http://bankimplode.com/blog/2009/09/22/first-mariner-bank/</link>
		<comments>http://bankimplode.com/blog/2009/09/22/first-mariner-bank/#comments</comments>
		<pubDate>Tue, 22 Sep 2009 18:44:38 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[FDIC CEASE AND DESIST]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=3261</guid>
		<description><![CDATA[The FDIC issued a wait and hold everything order to First Mariner Bank of Baltimore, Maryland. In a Form 8-K last night, First Mariner Bank, the wholly-owned bank subsidiary of First Mariner Bancorp (Nasdaq: FMAR) reports that it has agreed with the FDIC and The Maryland Division of Financial Regulation to the entry of an [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Colonial BancGroup Inc.</title>
		<link>http://bankimplode.com/blog/2009/06/11/colonial-bancgroup-inc/</link>
		<comments>http://bankimplode.com/blog/2009/06/11/colonial-bancgroup-inc/#comments</comments>
		<pubDate>Thu, 11 Jun 2009 12:39:21 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[FDIC CEASE AND DESIST]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=2461</guid>
		<description><![CDATA[Montgomery, Alabama, based Colonial Bank has been slapped with an FDIC cease-and-desist order. The bank also caught the ire of the State of Alabama Banking Department, which ordered it to improve its capital ratio. The regulatory action complicates merger deals already in the pipeline. Taylor, Bean &#38; Whitaker&#8217;s deal with Colonial may not be such a [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>West Suburban Bank, Lombard, Illinois</title>
		<link>http://bankimplode.com/blog/2009/02/01/west-suburban-bank-lombard-illinois/</link>
		<comments>http://bankimplode.com/blog/2009/02/01/west-suburban-bank-lombard-illinois/#comments</comments>
		<pubDate>Sun, 01 Feb 2009 20:11:37 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[FDIC CEASE AND DESIST]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=1335</guid>
		<description><![CDATA[West Suburban Bank, Lombard, Illinois, has received an FDIC cease-and-desist order for not doing the regulator&#8217;s job. Unlike most cease and desist orders having to do with lending practices, West suburban Bank&#8217;s order has to do with monitoring clients accounts. The &#8220;cease and desist&#8221; order, issued Dec. 3 and released Friday, said the regulators had [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Corn Belt Bank and Trust Company, Pittsfield, Illinois</title>
		<link>http://bankimplode.com/blog/2009/02/01/corn-belt-bank-and-trust-company-pittsfield-illinois/</link>
		<comments>http://bankimplode.com/blog/2009/02/01/corn-belt-bank-and-trust-company-pittsfield-illinois/#comments</comments>
		<pubDate>Sun, 01 Feb 2009 20:03:48 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[FDIC CEASE AND DESIST]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=1330</guid>
		<description><![CDATA[Corn Belt Bank and Trust Company, Pittsfield, Illinois, was hit with a cease-and-desist order from the FDIC. Federal and state banking regulators have filed cease-and-desist orders against West Suburban Bank of Lombard and Corn Belt Bank &#38; Trust Co. of Pittsfield. Grievances against West Suburban include a board of directors that has failed to provide [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Mainstreet Bank, Forest Lake, Minnesota</title>
		<link>http://bankimplode.com/blog/2009/02/01/mainstreet-bank-forest-lake-minnesota/</link>
		<comments>http://bankimplode.com/blog/2009/02/01/mainstreet-bank-forest-lake-minnesota/#comments</comments>
		<pubDate>Sun, 01 Feb 2009 19:50:20 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[FDIC CEASE AND DESIST]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=1326</guid>
		<description><![CDATA[Mainstreet Bank of Forest Lake, Minnesota, was slapped with an FDIC cease-and-desist order for unsafe lending practices. It seems like just yesterday that banks only knew how to lend recklessly, but the FDIC says Main Street Bank can no longer turn to its old ways.  Mainstreet Bank of Forest Lake, one of Minnesota&#8217;s largest and oldest community [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>New Frontier Bank, Greeley, Colorado</title>
		<link>http://bankimplode.com/blog/2009/01/30/new-frontier-bank-greeley-colorado/</link>
		<comments>http://bankimplode.com/blog/2009/01/30/new-frontier-bank-greeley-colorado/#comments</comments>
		<pubDate>Fri, 30 Jan 2009 17:30:20 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[FDIC CEASE AND DESIST]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=1313</guid>
		<description><![CDATA[The Office of Thrift Supervision has issued a cease-and-desist order to prevent New Frontier Bank of Greeley, CO, from taking on new business or extending fresh credit. The cease-and-desist order, which was effective Dec. 2, but not reported publicly until Friday, states that the bank was involved in “unsafe or unsound banking practices and violations [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>AmTrust Bank, Cleveland Ohio</title>
		<link>http://bankimplode.com/blog/2008/11/25/amtrust-bank-cleveland-ohio/</link>
		<comments>http://bankimplode.com/blog/2008/11/25/amtrust-bank-cleveland-ohio/#comments</comments>
		<pubDate>Wed, 26 Nov 2008 01:53:41 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[FDIC CEASE AND DESIST]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=509</guid>
		<description><![CDATA[The Office of Thrift Supervision has issued a cease-and-desist order against AmTrust Financial Corp based in Cleveland Ohio. The effective date of the order is November 19, and you can see the PDF here. The order specifically prohibits the bank from making any loans for land acquisition and development, while still allowing the bank to [...]]]></description>
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		<slash:comments>1</slash:comments>
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