trending Market Intelligence /marketintelligence/en/news-insights/trending/QYA9p96xIuklB8lBtzqpVA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

FDIC fines The Bancorp unit $7.5M for Bank Secrecy Act-related violations

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

FDIC fines The Bancorp unit $7.5M for Bank Secrecy Act-related violations

The Federal Deposit Insurance Corp. issued an order to pay a $7.5 million civil money penalty against The Bancorp Inc.'s bank unit, Bancorp Bank, for Bank Secrecy Act-related violations.

The bank paid the penalty without admitting or denying any violations of law, regulation or the provisions of the 2014 Consent Order.

On Dec. 19, the FDIC issued an order of termination, after the bank met all requirements needed by the regulator including remedying any incorrectly charged fees due to an internal programming system glitch at one of the bank's third-party payment processors.

The company expects to recognize a related expense of $7.5 million in the fourth quarter.