Premier Bank of the South

CULLMAN, AL 2021 Community Banks / Credit Unions

FDIC Civil Money Penalty Removal Prohibition

Penalty

$35,000

Outcome

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

Details

Premier Bank of the South — FDIC Enforcement (2021)

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

Docket: FDIC-19-0080e, FDIC-20-0013k | Issued: 2021-06-15

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-19-0080e, FDIC-20-0013k

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

See How Crucible Works