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First Electronic Bank

Sandy, UT 2015 Community Banks / Credit Unions
FDIC Civil Money Penalty Cease And Desist Restitution Order
Penalty
$250,000

Outcome

Consent Order, Order for Restitution, and Order to Pay Civil Money Penalty

Details

First Electronic Bank — FDIC Enforcement (2015)

Outcome: Consent Order, Order for Restitution, and Order to Pay Civil Money Penalty

Docket: FDIC-15-0104b,FDIC-15-0103k | 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.

Source: FDIC ED&O — FDIC-15-0104b,FDIC-15-0103k

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