WESTERN BANK

ALAMOGORDO, NM 2004 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$1,000

Outcome

ORDER OF PROHIBITION FROM FURTHER PARTICIPATION AND CIVIL MONEY PENALTY

Details

WESTERN BANK — FDIC Enforcement (2004)

FDIC took enforcement action against WESTERN BANK in ALAMOGORDO, NM in 2004 involving civil money penalty, removal prohibition violations in the Community Banks / Credit Unions sector.

Penalty: $1,000

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

Source: FDIC ED&O — FDIC-04-20e, FDIC-04-21k

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-04-20e, FDIC-04-21k

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