REPUBLIC BANK

BLANCHARD, LA 1990 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$1.2 million

Outcome

DECISION AND ORDER

Details

REPUBLIC BANK — FDIC Enforcement (1990)

FDIC took enforcement action against REPUBLIC BANK in BLANCHARD, LA in 1990 involving civil money penalty, removal prohibition violations in the Community Banks / Credit Unions sector.

Penalty: $1.2 million

Violation types: Civil Money Penalty, Removal Prohibition
Entity type: Financial Institution
Penalty type: Civil Money Penalty
Location: BLANCHARD, LA

Source: FDIC ED&O — FDIC-85-82e, FDIC-85-83k

How Crucible Prevents This

Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties. Crucible's personnel compliance controls enforce background check requirements and monitor for prohibited activities by institution-affiliated parties.

Source: FDIC ED&O — FDIC-85-82e, FDIC-85-83k

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