March 09, 2009

Order of assessment of civil money penalty against East Dubuque Savings Bank

For immediate release

The Federal Reserve Board on Monday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against East Dubuque Savings Bank, East Dubuque, Illinois, a state member bank.  East Dubuque Savings 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 East Dubuque Savings Bank to pay a civil money penalty of $1,710, 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.

Last Update: March 09, 2009