Illinois bank director pays $15K for Reg O violations
The FDIC has issued a civil money penalty order against Robert C. Fick, now or formerly a director at Valley Bank, Moline, Illinois, having determined that Fick violated Federal Reserve Board Regulation O, 12 C.F.R. Part 215, made applicable to state nonmember banks by 12 U.S.C. § 1828(j), concerning certain loans from the:Bank to Fick and his related interests, and therefore violated or caused the bank to violate 12 C.F.R. § 363.
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