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.
FDIC releases September enforcement actions
The FDIC has released a list of enforcement orders issued in September 2019.
- Four banks received orders for civil money penalties totaling $53,831 for various violations of the Flood Disaster Protection Act, the Flood Insurance Act, and Part 339 of the FDIC's regulations:
- Parke Bank, Sewell, NJ, $32,931
- River Cities Bank, Wisconsin Rapids, WI, $4,600
- Citizens Bank, Mukwonago, WI, $15,500
- American Bank of Beaver Dam, Beaver Dam, WI, $800
- Willamette Valley Bank, Salem, Oregon, was assessed a $275,000 civil money penalty for violations of RESPA and of the Telephone Consumer Protection Act
- The former president and CEO of Tennessee Commerce Bank was banned from banking and assessed a $250,000 penalty for his involvement in a scheme to conceal the bank's losses on $16 million in commercial loans made to two related companies
- Removal and prohibition orders were issued to individuals formerly affiliated with Bank of Lake Mills, Lake Mills, WI; Bank of the Sierra, Porterville, CA; Branch Banking and Trust Company, Winston Salem, NC; Cardinal Bank, McLean, VA; and Citizens Union Bank of Shelbyville, Shelbyville, KY.
print
share