Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: February 9, 2004

For immediate release

The Federal Reserve Board on Monday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Hocking Valley Bank, Athens, Ohio, a state member bank. Hocking Valley Bank, 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 Hocking Valley Bank to pay a civil money penalty of $9,500, 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 (82 KB PDF)

2004 Enforcement actions

Home | News and events
Last update: February 9, 2004