INTERSTATE NET BANK (CURRENTLY ISN BANK)

CHERRY HILL, NJ 2009 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$50,000

Outcome

DECISION AND ORDER TO PROHIBIT FROM FURTHER PARTICIPATION AND ASSESSMENT OF CIVIL MONEY PENALTIES

Details

INTERSTATE NET BANK (CURRENTLY ISN BANK) — FDIC Enforcement (2009)

Outcome: DECISION AND ORDER TO PROHIBIT FROM FURTHER PARTICIPATION AND ASSESSMENT OF CIVIL MONEY PENALTIES

Docket: FDIC-06-201e FDIC-06-202k | Issued: 2009-04-23

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-06-201e FDIC-06-202k

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

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