First State Bank

Cranford, NJ 2014 Community Banks / Credit Unions

FDIC Civil Money Penalty

Penalty

$25,000

Outcome

Order Amending Order to Pay

Details

First State Bank — FDIC Enforcement (2014)

FDIC took enforcement action against First State Bank in Cranford, NJ in 2014 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $25,000

Violation types: Civil Money Penalty
Entity type: Financial Institution
Penalty type: Civil Money Penalty
Location: Cranford, NJ

Source: FDIC ED&O — FDIC-13-218k

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-13-218k

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