PLAINS COMMERCE BANK

HOVEN, SD 2010 Community Banks / Credit Unions

FDIC Civil Money Penalty Cease And Desist

Penalty

$850,000

Outcome

CONSENT ORDER and ORDER TO PAY CIVIL MONEY PENALTY

Details

PLAINS COMMERCE BANK — FDIC Enforcement (2010)

FDIC took enforcement action against PLAINS COMMERCE BANK in HOVEN, SD in 2010 involving civil money penalty, cease and desist violations in the Community Banks / Credit Unions sector.

Penalty: $850,000

Violation types: Civil Money Penalty, Cease And Desist
Entity type: Financial Institution
Penalty type: Consent Order
Location: HOVEN, SD

Source: FDIC ED&O — FDIC-09-620b; FDIC 09-621k

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-09-620b; FDIC 09-621k

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works