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First Secure Bank and Trust pays flood penalty

Palos Hills, IL
09/13/2022
Fine Amount: 
$11,625
Issued by: 

The FDIC has issued a consent order for the payment of an $11,625 civil money penalty to First Secure Bank and Trust Co., Palos Hills, Illinois, for engaging in a pattern or practice of committing violations of the Flood Disaster Protection Act, the notice requirements under section 1364 of the National Flood Insurance Act of 1968, 42 U.S.C. 4104a, and Part 339.7 of the FDIC’s Rules and Regulations, 12 C.F.R. § 339.7, by failing to follow force placement flood insurance procedures in 13 instances.

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