Farmers Exchange Bank

Louisville, AL 2014 Community Banks / Credit Unions
FDIC Civil Money Penalty Removal Prohibition Restitution Order
Penalty
$22,504

Outcome

Order of Prohibition From Further Participation, Order to Pay a Civil Money Penalty, and Order of Restitution

Details

Farmers Exchange Bank — FDIC Enforcement (2014)

Outcome: Order of Prohibition From Further Participation, Order to Pay a Civil Money Penalty, and Order of Restitution

Docket: FDIC-13-0107e,FDIC-13-0106k,FDIC-14-0070b | Issued: 2014-10-28

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. The restitution component demonstrates direct consumer harm that proactive compliance monitoring would have prevented.

Source: FDIC ED&O — FDIC-13-0107e,FDIC-13-0106k,FDIC-14-0070b

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