Enforcement actions.The Federal Reserve Board on June 16, 2003, announced the execution of a written agreement by and between Southern Commercial Bank, St. Louis, Missouri Missouri, state, United States Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. , and the Federal Reserve Bank of St. Louis. The Federal Reserve Board on June 24, 2003, announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against the Centennial Bank of the West, Fort Collins, Colorado The City of Fort Collins, a home rule municipality situated on the Cache la Poudre River along the Colorado Front Range, is the county seat and most populous city in Larimer County, Colorado. , a state member bank. Centennial Bank of the West, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding. Act. The order requires Centennial Bank of the West to pay a civil money penalty of $3,000, which will be remitted to the Federal Emergency Management Agency The Federal Emergency Management Agency (FEMA) is the federal agency responsible for coordinating emergency planning, preparedness, risk reduction, response, and recovery. The agency works closely with state and local governments by funding emergency programs and providing technical for deposit into the National Flood Mitigation MITIGATION. To make less rigorous or penal. 2. Crimes are frequently committed under circumstances which are not justifiable nor excusable, yet they show that the offender has been greatly tempted; as, for example, when a starving man steals bread to satisfy Fund. The Federal Reserve Board on June 24, 2003, announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against the Community First Bank & Trust, Celina, Ohio Celina is a city in Mercer County, Ohio, United States. The population was 10,303 at the 2000 census. It is the county seat of Mercer CountyGR6. Celina is situated on the western shores of Grand Lake St. Marys. , a state member bank. Community First Bank & Trust, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act. The order requires Community First Bank & Trust to pay a civil money penalty of $5,500, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion