BOUNDARY WATERS STATE BANK

ELY, MN 1992 Community Banks / Credit Unions
FDIC Civil Money Penalty
Penalty
$125,000

Outcome

DECISION AND ORDER TO PAY

Details

BOUNDARY WATERS STATE BANK — FDIC Enforcement (1992)

FDIC took enforcement action against BOUNDARY WATERS STATE BANK in ELY, MN in 1992 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $125,000

Violation types: Civil Money Penalty
Entity type: Financial Institution
Penalty type: Civil Money Penalty
Location: ELY, MN

Source: FDIC ED&O — FDIC-91-354k

How Crucible Prevents This

Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties.

Source: FDIC ED&O — FDIC-91-354k

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