CENTRAL CO-OPERATIVE BANK

SOMERVILLE, MA 2010 Community Banks / Credit Unions

FDIC Civil Money Penalty

Penalty

$9,500

Outcome

ORDER TO PAY CIVIL MONEY PENTALTY

Details

CENTRAL CO-OPERATIVE BANK — FDIC Enforcement (2010)

FDIC took enforcement action against CENTRAL CO-OPERATIVE BANK in SOMERVILLE, MA in 2010 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $9,500

Violation types: Civil Money Penalty
Entity type: Financial Institution
Penalty type: Consent Order
Location: SOMERVILLE, MA

Source: FDIC ED&O — FDIC-10-819k

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-10-819k

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