BANK OF THE WEST (FOMERLY COMMERCIAL FEDERAL BANK, OMAHA, NE);FARMERS TRUST SAVINGS BANK
FDIC
Civil Money Penalty
Removal Prohibition
Penalty
$40,000
Outcome
ORDER TO PAY, ORDER OF PROHIBITION FROM FURTHER PARTICIPATION
Details
BANK OF THE WEST (FOMERLY COMMERCIAL FEDERAL BANK, OMAHA, NE);FARMERS TRUST SAVINGS BANK — FDIC Enforcement (2010)
Outcome: ORDER TO PAY, ORDER OF PROHIBITION FROM FURTHER PARTICIPATION
Docket: FDIC-09-396e,FDIC-09-397k | Issued: 2010-02-17
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.
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