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Bank of Holly Springs pays $7K in flood penalties

Holly Springs, MS
06/16/2018
Fine Amount: 
$7,000
Issued by: 

The FDIC has issued a consent order to pay a civil money penalty of $7,000 to The Bank of Holly Springs, Holly Springs, Mississippi, for having engaged in a pattern or practice of committing violations of the Flood Disaster Protection Act and section 339.3(a) of the FDIC Rules and Regulations, by failing to obtain insurance coverage at or before loan origination or renewal on seven loans secured by a building or mobile home located or to be located in a special flood hazard area.

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