FIRST PRAIRIE BANK;BANK OF ELBOW LAKE;STATE BANK OF WENDELL

BLOOMING PRAIRIE;ELBOW LAKE;WENDELL 1995 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$25,000

Outcome

ORDER OF REMOVAL FROM OFFICE AND PROHIBITION FROM FURTHER PARTICIPATION AND AMENDED ORDER TO PAY

Details

FIRST PRAIRIE BANK;BANK OF ELBOW LAKE;STATE BANK OF WENDELL — FDIC Enforcement (1995)

Outcome: ORDER OF REMOVAL FROM OFFICE AND PROHIBITION FROM FURTHER PARTICIPATION AND AMENDED ORDER TO PAY

Docket: FDIC-93-42e, FDIC-93-43k | Issued: 1995-01-17

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-93-42e, FDIC-93-43k

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