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Release Date: June 24, 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 Centennial Bank of the West, Fort Collins, Colorado, a state member bank. Centennial Bank of the West, 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 Centennial Bank of the West to pay a civil money penalty of $3,000, 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 (131 KB PDF)

2003 Enforcement actions

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Last update: June 24, 2003