UNITED COMMERCIAL BANK

SAN FRANCISCO, CA 2011 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$3.9 million

Outcome

NOTICE OF INTENTION TO REMOVE FROM OFFICE AND/OR TO PROHIBIT FROM FURTHER PARTICITION, NOTICE OF ASSESSMENT OF CIVIL MONEY PENALTIES, FINDINDS OF FACT and CONCLUSIONS OF LAW, ORDER TO PAY, and NOTICE OF HEARING

Details

UNITED COMMERCIAL BANK — FDIC Enforcement (2011)

Outcome: NOTICE OF INTENTION TO REMOVE FROM OFFICE AND/OR TO PROHIBIT FROM FURTHER PARTICITION, NOTICE OF ASSESSMENT OF CIVIL MONEY PENALTIES, FINDINDS OF FACT and CONCLUSIONS OF LAW, ORDER TO PAY, and NOTICE OF HEARING

Docket: FDIC-11-294e; FDIC-11-295k | Issued: 2011-10-07

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-11-294e; FDIC-11-295k

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

See How Crucible Works