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#1632849 - 11/29/11 12:22 PM Saddle Valley River Bank Hit with C&D
Retread Offline
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Retread
Joined: Oct 2003
Posts: 2,548
Southeast
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#1632850 - 11/29/11 12:29 PM Re: Saddle Valley River Bank Hit with C&D Retread
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Very interesting. Interesting that such a small bank had foreign correspondent issues. Also interesting about being ordered to cease providing RDC to MSBs until proper systems and processes are in place.
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#1632878 - 11/29/11 02:05 PM Re: Saddle Valley River Bank Hit with C&D Kathleen O. Blanchard
ACBbank Offline
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ACBbank
Joined: Jul 2006
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New York City
Two other small banks got nailed with C & D's as well. The OCC is not messing around.
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#1632908 - 11/29/11 02:53 PM Re: Saddle Valley River Bank Hit with C&D ACBbank
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Joined: Jun 2004
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NYC
I am somewhat familiar with this bank and know that they had at least 1 account of a Mexican casa de cambio.

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#1632924 - 11/29/11 03:03 PM Re: Saddle Valley River Bank Hit with C&D devsfan
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Turnpike Exit 10
Three NJ banks got nailed recently.
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