FARMERS AND MERCHANTS STATE BANK

PLANKINTON, SD 2009 Community Banks / Credit Unions

FDIC Civil Money Penalty

Penalty

$2,420

Outcome

ORDER TO PAY

Details

FARMERS AND MERCHANTS STATE BANK — FDIC Enforcement (2009)

FDIC took enforcement action against FARMERS AND MERCHANTS STATE BANK in PLANKINTON, SD in 2009 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $2,420

Violation types: Civil Money Penalty
Entity type: Financial Institution
Penalty type: Consent Order
Location: PLANKINTON, SD

Source: FDIC ED&O — FDIC-08-340k

How Crucible Prevents This

Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties.

Source: FDIC ED&O — FDIC-08-340k

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