Branch Banking and Trust Company

Winston-Salem, NC 2015 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition Restitution Order

Penalty

$140,000

Outcome

Notice of Intention to Prohibit From Further Participation, Notice of Charges, Notice of Assessment of Civil Money Penalty, Findings of Fact and Conclusions of Law, Order to Pay, and Notice of Hearing

Details

Branch Banking and Trust Company — FDIC Enforcement (2015)

Outcome: Notice of Intention to Prohibit From Further Participation, Notice of Charges, Notice of Assessment of Civil Money Penalty, Findings of Fact and Conclusions of Law, Order to Pay, and Notice of Hearing

Docket: FDIC-12-0052e,FDIC-12-0035k,FDIC-15-0274b | Issued: 2015-12-07

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.

Source: FDIC ED&O — FDIC-12-0052e,FDIC-12-0035k,FDIC-15-0274b

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