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The Federal Reserve Board today announced the issuance of a consent Order of Assessment of a Civil Money Penalty against the McIlroy Bank and Trust, Fayetteville, Arkansas, a state member bank. The McIlroy Bank and 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 McIlroy Bank and Trust is paying a civil money penalty of $10,500.
A copy of the Order is attached.
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