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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: February 9, 2009

For immediate release

The Federal Reserve Board on Monday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Genoa Banking Company, Genoa, Ohio, a state member bank.  Genoa Banking Company, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Boardís regulations implementing the National Flood Insurance Act.

The Order requires Genoa Banking Company to pay a civil money penalty of $3,990, 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 (28 KB PDF)

Last update: February 9, 2009