The First State Bank

Camargo, OK 2016 Community Banks / Credit Unions
FDIC Civil Money Penalty Removal Prohibition Restitution Order
Penalty
$1.9 million

Outcome

Notice of Intention to Prohibit from Further Participation, Notice of Restitution, and Notice of Assessment and Order to Pay

Details

The First State Bank — FDIC Enforcement (2016)

Outcome: Notice of Intention to Prohibit from Further Participation, Notice of Restitution, and Notice of Assessment and Order to Pay

Docket: FDIC-16-0248e,FDIC-13-0034e,FDIC-16-0243b,FDIC-16-0194k,FDIC-16-0205k | Issued: 2016-12-15

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. The restitution component demonstrates direct consumer harm that proactive compliance monitoring would have prevented.

Source: FDIC ED&O — FDIC-16-0248e,FDIC-13-0034e,FDIC-16-0243b,FDIC-16-0194k,FDIC-16-0205k

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

See How Crucible Works