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First Midwest Bank pays $253,500 in flood insurance penalties

Chicago, IL
Fine Amount: 
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The Federal Reserve Board has issued a consent order of assessment of a $253,500 civil money penalty to FIRST MIDWEST BANK, Chicago, Illinois, in connection with the Bank’s pattern or practice of violations of Regulation H, 12 C.F.R. § 208.25, which implements the requirements of the National Flood Insurance Act.

Specific violations were not cited in the order.

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