The Lowell Five Cent Savings Bank

Lowell, MA 2014 Community Banks / Credit Unions
FDIC Civil Money Penalty
Penalty
$5,000

Outcome

Order to Pay

Details

The Lowell Five Cent Savings Bank — FDIC Enforcement (2014)

FDIC took enforcement action against The Lowell Five Cent Savings Bank in Lowell, MA in 2014 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $5,000

Violation types: Civil Money Penalty
Entity type: Financial Institution
Penalty type: Consent Order
Location: Lowell, MA

Source: FDIC ED&O — FDIC-14-0007k

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-14-0007k

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