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Citizens Bank Minnesota pays flood insurance penalty

New Ulm, MN
02/16/2022
Fine Amount: 
$6,000
Issued by: 

The FDIC issued an order for the assessment of a $6,000 civil money penalty for flood insurance violations because the bank made, increased, extended, or renewed loans secured by a building or mobile home located or to be located in a special flood hazard area without requiring that the collateral be covered by flood insurance.

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