KENT COUNTY STATE BANK

JAYTON, TX 2002 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$2,500

Outcome

ORDER OF PROHIBITION FROM FURTHER PARTICIPATION AND CIVIL MONEY PENALTY

Details

KENT COUNTY STATE BANK — FDIC Enforcement (2002)

FDIC took enforcement action against KENT COUNTY STATE BANK in JAYTON, TX in 2002 involving civil money penalty, removal prohibition violations in the Community Banks / Credit Unions sector.

Penalty: $2,500

Violation types: Civil Money Penalty, Removal Prohibition
Entity type: Financial Institution
Penalty type: Consent Order
Location: JAYTON, TX

Source: FDIC ED&O — FDIC-02-3e, FDIC-02-4k

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-02-3e, FDIC-02-4k

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works