Skip to content

Citizens Bank

Mukwonago, WI
Fine Amount: 
Issued by: 

Citizens Bank was issued an order to pay a civil money penalty of $15,500 for a pattern or practice of flood insurance law and regulations violations, after the FDIC found that the bank:

  • In two cases, failed to obtain flood insurance at the time of loan origination
  • in eight cases, failed to obtain adequate flood insurance
  • in three cases, failed to require escrow of premiums of premiums and fees for flood insurance when it required escrow of taxes, insurance premiums, etc. on those loans
  • in three cases, by failing to follow force placement flood insurance procedures
  • in 5 cases, failing to provide to borrowers a notice of special flood hazard when making, increasing, extending or renewing a loan.

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