Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: April 22, 2003

For immediate release

The Federal Reserve Board on Tuesday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against the First Farmers Bank and Trust, Converse, Indiana, a state member bank. First Farmers 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 Order requires First Farmers Bank and Trust to pay a civil money penalty of $3,850, 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 (138 KB PDF)

2003 Enforcement actions

Home | News and events
Last update: April 22, 2003