Arcola Homestead Savings Bank
FDIC
Civil Money Penalty
Removal Prohibition
Restitution Order
Penalty
$105,000
Outcome
Decision and Order to Prohibit From Further Participation and Order to Pay Restitution
Details
Arcola Homestead Savings Bank — FDIC Enforcement (2015)
Outcome: Decision and Order to Prohibit From Further Participation and Order to Pay Restitution
Docket: FDIC-14-0095e,FDIC-14-0096k,FDIC-14-0158b | Issued: 2015-02-17
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.
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See How Crucible Works