The Bank of Oswego

LAKE OSWEGO, OR 2019 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$175,000

Outcome

Decision and Order to Prohibit from Further Participation and Assessment of Civil Money Penalty

Details

The Bank of Oswego — FDIC Enforcement (2019)

Outcome: Decision and Order to Prohibit from Further Participation and Assessment of Civil Money Penalty

Docket: FDIC-14-0213e, FDIC-14-0217k | Issued: 2019-07-16

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-14-0213e, FDIC-14-0217k

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