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Gibsland Bank & Trust Company pays $9,600 Flood penalty

Gibsland, LA
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The FDIC issued an order to Gibsland Bank & Trust Company, Gibsland, Louisiana, to pay a $9.600 CMP for violations of the Flood Disaster Protection Act, having determined that the bank has engaged in a pattern or practice of committing 24 violations of section 102(b)(l) of the FDPA, and section 339.3(a) of the FDIC's Rule and Regulations, for failure to obtain flood insurance at or before loan origination or renewal.

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