Court of Appeals for the Eleventh Circuit, 783 F.2d 1580 (1986)). Finally, FDIC noted the special expertise of bank examiners and the FDIC itself, and stated that examiners' classifications of loans are entitled to deference, as is the FDIC's selection of remedies for violations of law and for unsafe or unsound banking practices. FDIC also stated that in order for a bank to show that a bank examiner is biased, the bank must prove the relevance of the bias, the existence of the bias, and the results of the bias. Specifically, over 42% of the bank's loans were adversely classified, 25.3% of total loans were overdue, 33% of the bank's loan files lacked complete or current documentation, the bank had an inadequate loan loss reserve, the bank's assets subject to adverse classification were 521.9% of its total equity capital and reserves, and the bank's ratio of total equity and capital and reserves to its adjusted total assets was only 4.37%.

FDIC also removed several bank directors and officers from office and prohibited their further participation in the affairs of the bank. FDIC also required the bank to take affirmative action to correct the practices and violations. FDIC-83-252b&c, FDIC-84-49b, FDIC-84-50e ( 8-19-85).įDIC ordered an insured state nonmember bank to cease and desist from unsafe or unsound banking practices and from violations of law. Home > Regulation & Examinations > Bank Examinations > FDIC Enforcement Decisions and Orders including office furniture, fixtures, and equipment. Portion (if any) exceeds coverage limits at that bank.Īre My Deposit Accounts Insured by the FDIC?įDIC-insured institutions to conduct business and exchange Specific group of deposit accounts - what's insured and what Determine how the insurance rules and limits apply to a

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