BANK OF HYDRO

HYDRO, OK 1992 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$50,000

Outcome

DECISION AND ORDER DENYING APPLICATION FOR STAY PENDING APPEAL

Details

BANK OF HYDRO — FDIC Enforcement (1992)

FDIC took enforcement action against BANK OF HYDRO in HYDRO, OK in 1992 involving civil money penalty, removal prohibition violations in the Community Banks / Credit Unions sector.

Penalty: $50,000

Violation types: Civil Money Penalty, Removal Prohibition
Entity type: Financial Institution
Penalty type: Civil Money Penalty
Location: HYDRO, OK

Source: FDIC ED&O — FDIC-88-282k and FDIC-89-111e

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-88-282k and FDIC-89-111e

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