News Release 2001-47 | May 15, 2001

OCC Announces 10 New Enforcement Actions and 2 Terminations

WASHINGTON, DC — The Office of the Comptroller of the Currency (OCC) today announced 10 new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks and 2 terminations of existing enforcement actions.

A list of enforcement actions previously disclosed and copies of the actual documents are available from the OCC's Communications Division by writing to: Comptroller of the Currency, Public Information Room (1-5), Washington, DC 20219. Requests made by facsimile transmission should be sent to (202) 874-4448. Please include the identifying enforcement action number when placing an order. Enforcement actions are also listed monthly in OCC Interpretations and Actions. Subscriptions to that publication are available from the OCC's Communications Division.

The OCC also maintains a searchable database of all public enforcement actions taken since August 1989 on its Internet Website located at http://www.occ.treas.gov/enforce/enforce.htm.

Formal Agreements, by Consent
No. Bank/City Date
California
2001-25 Taft National Bank, Taft 03/21/01
Cease and desist Orders, by Consent
No. Bank/City Date
Arizona
2001-24 Direct Merchants Credit Card Bank, N.A., Scottsdale 05/03/01
Minnesota
2001-26 First National Bank of the North, Sandstone 04/06/01
Ohio
2001-27 Home National Bank, Racine 04/30/01
Personal Cease and Desist Order, by Consent
No. Individual/Bank/City Date
Minnesota
2001-28 Michael R. Morgan, The First National Bank & Trust of Pipestone, Pipestone 04/05/01
South Dakota
2001-28 Michael R. Morgan, The First National Bank in Garretson, Garretson 04/05/01
Civil Money Penalties, by Consent
No. Individual/Bank/City Date
Minnesota
2001-28 Michael R. Morgan, The First National Bank & Trust of Pipestone, Pipestone 04/05/01
South Dakota
2001-28 Michael R. Morgan, The First National Bank in Garretson, Garretson 04/05/01
Removals/Prohibitions, by Consent
No. Individual/Bank/City Date
Minnesota
2001-28 Michael R. Morgan, The First National Bank & Trust of Pipestone, Pipestone 04/05/01
South Dakota
2001-28 Michael R. Morgan, The First National Bank in Garretson, Garretson 04/05/01
Terminations of Existing Enforcement Actions
No. Type/Bank/City/Old EA# Date
North Carolina
2001-29 CO, Omni (f.k.a. United) National Bank, Fayetteville, (EA #99-79) 04/12/01
Ohio
2001-3 FA, Home National Bank,Racine, (EA #99-7) 04/30/01

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