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South Shore Bank pays $71,000 flood penalty

Weymouth, MA
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South Shore Bank, a state member bank located in Weymouth, Massachusetts, was issued a Federal Reserve Board of Governors consent order of assessment of a $71,000 civil money penalty under the National Flood Insurance Act, in connection with a pattern or practice of unspecified violations of Federal Reserve Regulation H, 12 CFR § 208.25, which implements the requirements of the Act.

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