CITIZENS BANK AND TRUST COMPANY OF CHICAGO

CHICAGO, IL 2010 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$100,000

Outcome

DECISION AND ORDER TO PROHIBITION FROM FURTHER PARTICIPATION AND ASSESSMENT OF CIVIL MONEY PENALTIES (CORRECTED)

Details

CITIZENS BANK AND TRUST COMPANY OF CHICAGO — FDIC Enforcement (2010)

Outcome: DECISION AND ORDER TO PROHIBITION FROM FURTHER PARTICIPATION AND ASSESSMENT OF CIVIL MONEY PENALTIES (CORRECTED)

Docket: FDIC-03-106e FDIC-03-107k | Issued: 2010-08-10

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-03-106e FDIC-03-107k

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