Press Release
October 06, 2009
Order of assessment of civil money penalty against Wellington State Bank
For immediate release
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The Federal Reserve Board on Tuesday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Wellington State Bank, Wellington, Texas, a state member bank. Wellington State Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Boardâs regulations implementing the National Flood Insurance Act.
The Order requires Wellington State Bank to pay a civil money penalty of $3,465, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
A copy of the Order is attached.
Attachment
Cite this document
Federal Reserve (2009, October 5). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20091006_order_of_assessment_of_civil_money_penalty
@misc{wtfs_press_release_20091006_order_of_assessment_of_civil_money_penalty,
author = {Federal Reserve},
title = {Press Release},
year = {2009},
month = {Oct},
howpublished = {Press Releases, Federal Reserve},
url = {https://whenthefedspeaks.com/doc/press_release_20091006_order_of_assessment_of_civil_money_penalty},
note = {Retrieved via When the Fed Speaks corpus}
}