FDIC Seeks Significant Fine from Small Kansas Bank

Dec 26, 2024 · In a court filing last Friday, the FDIC acknowledged publicly for the first time that it is seeking an approximately $20.4 million civil money penalty from Weir, Kansas-based CBW …

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FDIC Seeks Significant Fine From Small Kansas Bank

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Dec 26, 2024 · In a court filing last Friday, the FDIC acknowledged publicly for the first time that it is seeking an approximately $20.4 million civil money penalty from Weir, Kansas-based CBW …

substack.com

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FDIC Imposes $20.4M Penalty On Kansas Bank For AML Failures

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5 days ago · On December 27, 2024, the Federal Deposit Insurance Corporation (FDIC) announced a notice of assessment of a civil money penalty against a Kansas-based bank. The …

natlawreview.com

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Kansas Bank Challenges $20M FDIC Penalty | Banking Dive

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Jan 2, 2025 · The bank then filed a complaint Nov. 19 in the U.S. District Court for the District of Kansas, blasting the FDIC for assessing a fine “for years-old conduct that occurred in the …

bankingdive.com

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CBW Says FDIC’s $20 Million AML Fine ‘Unreasonable’

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6 days ago · CBW Bank, with roughly $90 million in assets, filed a suit against the Federal Deposit Insurance Corp. (FDIC) contending that $20.4 million in penalties assessed against the bank …

pymnts.com

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CBW Fights FDIC's $20.5 Million Penalty That Could "Imperil" Its …

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Jan 5, 2025 · The FDIC is seeking a $20,448,000 penalty stemming from the bank’s alleged AML/CFT failures (Bank Reg Blog previously discussed this proposed fine here.) The small …

substack.com

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CBW Bank To Contest $20 Million FDIC Fine For AML Lapses

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Dec 27, 2024 · The FDIC has hit CBW Bank, a $90 million-assets institution in Weir, Kansas, with a $20,448,000 civil money penalty and an order of charges for inadequately monitoring …

americanbanker.com

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CBW Bank To Contest $20 Million FDIC Fine For AML Lapses

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CBW Bank to contest $20 million FDIC fine for AML lapses. 12/27/24 Am. Banker (No Page) • 2024 WLNR 25219876 • ... December 27, 2024. The FDIC has hit CBW Bank, a $90 million …

westlaw.com

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A Rainy Monday Witnesses The Final Chapter In A Notorious Kansas …

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Nov 10, 2024 · The collapse of the bank, which went into FDIC receivership, resulted in the loss of an additional $8 million to the bank’s shareholders. Hanes, whose first name is pronounced …

kansasreflector.com

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Bank Fails After Scam. All Capital Lost! - Weiss Ratings

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Aug 4, 2023 · A Kansas bank was forced to close after scammers made off with some $8M-$12M. ... Heartland Tri-State Bank was a small institution with only around $139 million in assets. And …

weissratings.com

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FDIC Assesses $2 Million In Fines From Banks Over FTC Act Violations

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Sep 27, 2024 · The FDIC order (also a consent order) states that Robert S. Catanzaro – previously CEO, a director, and the trustee of a trust that is the majority shareholder of …

regreport.info

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CBW Bank To Contest $20 Million FDIC Fine For AML Lapses

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Dec 27, 2024 · The FDIC has hit CBW Bank, a $90 million-assets institution in Weir, Kansas, with a $20,448,000 civil money penalty and an order of charges for inadequately

incapitalquest.com

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A Bank Failure Shattered Trust In This Kansas Town. Only Honest Talk ...

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Apr 7, 2024 · On July 28, the Kansas Office of State Bank Commissioner closed Heartland and appointed the FDIC as receiver, which estimated the cost of the failure to be about $54 million. …

kansasreflector.com