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Farmers Bank & Trust pays flood insurance penalty

Great Bend, KS
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The FDIC has issued Farmers Bank & Trust, Great Bend, Kansas, a consent order to pay a $9,500 civil money penalty for a pattern or practice of violations of the Flood Disaster Protection Act and Part 339 of the FDIC Rules and Regulations, because the Bank made, increased, extended, renewed, sold, or transferred a loan secured by a building or mobile home located or to be located in a special flood hazard area without properly notifying the Administrator of FEMA or their designee.

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