Miami Valley Bank

Lakeview, OH 2010 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$250,000

Outcome

Amended Notice of Intention to Prohibit From Further Participation, Amended Notice of Assessment of Civil Money Penalties, Findings of Fact, Conclusons of Law, Order to Pay, and Notice of Hearing

Details

Miami Valley Bank — FDIC Enforcement (2010)

Outcome: Amended Notice of Intention to Prohibit From Further Participation, Amended Notice of Assessment of Civil Money Penalties, Findings of Fact, Conclusons of Law, Order to Pay, and Notice of Hearing

Docket: FDIC-09-545e, FDIC-09-547k | Issued: 2010-06-17

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.

Source: FDIC ED&O — FDIC-09-545e, FDIC-09-547k

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