Union Bank & Trust Company

Oxford, NC 2016 Community Banks / Credit Unions
FDIC Civil Money Penalty Removal Prohibition
Penalty
$70,000

Outcome

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

Details

Union Bank & Trust Company — FDIC Enforcement (2016)

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

Docket: FDIC-16-0018e,FDIC 16-0117k | 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.

Source: FDIC ED&O — FDIC-16-0018e,FDIC 16-0117k

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