AMERICAN STATE BANK

LUBBOCK, TX 2004 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$5,000

Outcome

ORDER OF PROHIBITION FROM FURTHER PARTICIPATION AND ORDER TO PAY CIVIL MONEY PENALTY

Details

AMERICAN STATE BANK — FDIC Enforcement (2004)

Outcome: ORDER OF PROHIBITION FROM FURTHER PARTICIPATION AND ORDER TO PAY CIVIL MONEY PENALTY

Docket: FDIC-04-14e, FDIC-04-15k | Issued: 2004-07-14

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-04-14e, FDIC-04-15k

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

See How Crucible Works