February Enforcement Actions
March 31, 2010
New York N.Y.: The New York State Banking Department today released information on administrative enforcement actions issued against banks in February.
There was one consent order issued against First Central Savings Bank on February 17, 2010 to address supervisory concerns regarding unsafe and unsound practices. To view a copy of the order, visit http://banking.state.ny.us/ea100217.pdf.
The New York State Banking Department is the regulator for all state-chartered banking institutions, virtually all of the United States offices of international banking institutions, all of the State’s mortgage brokers, mortgage bankers, check cashers, money transmitters and budget planners. The aggregate assets of the depository institutions supervised by the Banking Department are more than $2.4 trillion.
In addition to regulating banking institutions, the Banking Department is active in informing and educating all New Yorkers on banking matters. To contact the Banking Department, please call 1-877-BANK-NYS or visit our Web site at www.banking.state.ny.us.