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Federal Reserve Board Issues Enforcement Actions With First Ipswich Bank, Brookline Bank, And Former Employee Of Farmers & Merchants Bank

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The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below:

  • First Ipswich Bank, Ipswich, Massachusetts Flood insurance violation civil money penalty, dated August 14, 2019;
  • Brookline Bank, Brookline, Massachusetts Flood insurance violation civil money penalty, dated August 15, 2019;
  • Carol Allen, former employee of Farmers & Merchants Bank, Baldwyn, MS Notice of intent to prohibit from banking, seeking restitution, and assessing a civil money penalty, dated August 19, 2019.

Additional enforcement actions can be searched for here.