Skip to content

Mayville Savings Bank

Mayville, WI
Fine Amount: 
Issued by: 

The FDIC issued Mayville Savings Bank, Mayvillle, Wisconsin, an Order to Pay a Civil Money Penalty of $1,600, having reason to believe that the Bank violated the Flood Disaster Protection Act and Part 339 of the FDIC Rules and Regulations. Specifically, on loans secured by property located in flood hazard areas in which flood insurance has been made available under the National Flood Insurance Act of 1968, the Respondent violated:

  • Section 339.3(a) of the FDIC Rules and Regulations, 12 C.F.R. §339.3(a), by failing to maintain adequate flood insurance during the term of the loan in one instance, and by allowing flood insurance to lapse during the term of the loan in two instances; and
  • Section 339.9(c) of the FDIC Rules and Regulations, 12 C.F.R. §339.9(c) for failing to provide written notice to the borrower concerning flood insurance prior to renewing a loan in one instance.

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Penalties