CAROLINA FIRST BANK

GREENVILLE, SC 2004 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$10,000

Outcome

ORDER OF REMOVAL FROM OFFICE AND PROHIBITION FROM FURTHER PARTICIPATION AND AN ORDER TO PAY A CIVIL MONEY PENALTY

Details

CAROLINA FIRST BANK — FDIC Enforcement (2004)

Outcome: ORDER OF REMOVAL FROM OFFICE AND PROHIBITION FROM FURTHER PARTICIPATION AND AN ORDER TO PAY A CIVIL MONEY PENALTY

Docket: FDIC-03-185e, FDIC-03-186k | Issued: 2004-02-27

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-03-185e, FDIC-03-186k

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