Sage Bank

Lowell, MA 2015 Community Banks / Credit Unions
FDIC Civil Money Penalty
Penalty
$24,000

Outcome

Order to Pay

Details

Sage Bank — FDIC Enforcement (2015)

FDIC took enforcement action against Sage Bank in Lowell, MA in 2015 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $24,000

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

Source: FDIC ED&O — FDIC-15-0024k

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-15-0024k

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works