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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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FDIC releases March enforcement actions

The FDIC has released a list of 34 orders and one adjudicated decision for the month of March 2017. The administrative enforcement actions included five removal and prohibition orders, six Section 19 orders, two civil money penalties, four voluntary terminations of insurance; seven terminations of prior orders, and the adjudicated decision. Of note:

  • A Nebraska bank was ordered to pay a $6,500 civil money penalty for violations of the Flood Disaster Protection Act and Part 339 of the FDIC's Rules and Regulations
  • An individual now or formerly an institution-affiliated person of a South Dakota bank was ordered to pay $15,000 in civil money penalties for unspecified transgressions
  • Orders for termination of insurance (without deposits) were approved for:
    • Republic Bank, Bountiful, Utah
    • Builders Bank, Chicago, Illinois
    • Bank of Pine Hill, Pine Hill, Alabama
    • Banamex USA, Century City, California
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