NorCrown Bank

LIVINGSTON, NJ 2005 Community Banks / Credit Unions

FDIC Civil Money Penalty Cease And Desist Removal Prohibition

Penalty

$2.5 million

Outcome

Joint Orders to Cease and Desist, of Assessment of Civil Money Penalties, and of Prohibition, and Order Under the Bank Holding Company Act, Issued Upon Consent

Details

NorCrown Bank — FDIC Enforcement (2005)

Outcome: Joint Orders to Cease and Desist, of Assessment of Civil Money Penalties, and of Prohibition, and Order Under the Bank Holding Company Act, Issued Upon Consent

Docket: FDIC-04-224e,FDIC-04-223k | Issued: 2005-02-10

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-04-224e,FDIC-04-223k

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