INDEPENDENCE BANK

EAST GREENWICH, RI 2011 Community Banks / Credit Unions

FDIC Civil Money Penalty

Penalty

$3,445

Outcome

ORDER TO PAY

Details

INDEPENDENCE BANK — FDIC Enforcement (2011)

FDIC took enforcement action against INDEPENDENCE BANK in EAST GREENWICH, RI in 2011 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $3,445

Violation types: Civil Money Penalty
Entity type: Financial Institution
Penalty type: Consent Order
Location: EAST GREENWICH, RI

Source: FDIC ED&O — FDIC-11-193k

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-11-193k

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