Consent orders of assessments of civil money penalties have been issued by the Federal Reserve Board against three banks. The institutions, without admitting to any allegations, consented to the issuance of the orders in connection with alleged violations of the regulations implementing the National Hood Insurance Act.
Midwest BankCentre, Lemay, Mo., was ordered to pay $2,450; First Interstate Bank, Billings, Mont., to pay $15,750; and HomeFederal Bank, Columbus, Ind., to pay $57,250. The money penalties are to be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
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