Horicon Bank

Horicon, WI 2013 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$10,000

Outcome

Order of Prohibition From Further Participation and Order to Pay

Details

Horicon Bank — FDIC Enforcement (2013)

FDIC took enforcement action against Horicon Bank in Horicon, WI in 2013 involving civil money penalty, removal prohibition violations in the Community Banks / Credit Unions sector.

Penalty: $10,000

Violation types: Civil Money Penalty, Removal Prohibition
Entity type: Financial Institution
Penalty type: Consent Order
Location: Horicon, WI

Source: FDIC ED&O — FDIC-11-314e, FDIC-12-31k

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-11-314e, FDIC-12-31k

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