Merrick Bank
FDIC
Civil Money Penalty
Cease And Desist
Restitution Order
Penalty
$1.1 million
Outcome
Consent Order, Order for Restitution, and Order to Pay Civil Money Penalty
Details
Merrick Bank — FDIC Enforcement (2014)
FDIC took enforcement action against Merrick Bank in South Jordan, UT in 2014 involving civil money penalty, cease and desist, restitution order violations in the Community Banks / Credit Unions sector.
Penalty: $1.1 million
Violation types: Civil Money Penalty, Cease And Desist, Restitution Order
Entity type: Financial Institution
Penalty type: Consent Order
Location: South Jordan, UT
Source: FDIC ED&O — FDIC-13-0446b,FDIC-13-0447k
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Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties.
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