MICHIGAN COMMERCE BANK (SUCCESSOR IN INTEREST TO DETROIT COMMERCE BANK, DETROIT, MICHIGAN)

ANN ARBOR, MI 2009 Community Banks / Credit Unions

FDIC Civil Money Penalty

Penalty

$3,500

Outcome

ORDER TO PAY

Details

MICHIGAN COMMERCE BANK (SUCCESSOR IN INTEREST TO DETROIT COMMERCE BANK, DETROIT, MICHIGAN) — FDIC Enforcement (2009)

FDIC took enforcement action against MICHIGAN COMMERCE BANK (SUCCESSOR IN INTEREST TO DETROIT COMMERCE BANK, DETROIT, MICHIGAN) in ANN ARBOR, MI in 2009 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $3,500

Violation types: Civil Money Penalty
Entity type: Financial Institution
Penalty type: Consent Order
Location: ANN ARBOR, MI

Source: FDIC ED&O — FDIC-09-417k

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-09-417k

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