American Bank & Trust Wisconsin
Cuba City, WI
Fine Amount:
$9,385
Penalty Type:
Issued by:
The FDIC issued a Consent Order for the payment of a civil money penalty of $9,385 to American Bank & Trust Wisconsin, Cuba City, Wisconsin, after determining "that the Bank has engaged in a pattern or
practice of committing violations of the FDPA and/or the notice requirements under section 1364 of the National Flood Insurance Act of 1968, 42 U.S.C. 4104a, and/or Part 339 of the FDIC’s Rules and Regulations, 12 C.F.R. Part 339 by, on multiple occasions, making, increasing, extending or renewing loans secured by a building or mobile home located or to be located in a special flood hazard area without requiring that the collateral be covered by sufficient flood insurance."
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