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Violation Tracker Individual Record

Company: Monarch Bank
Penalty: $7,215
Year: 2010
Date: June 11, 2010
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: The Federal Reserve Board announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against Monarch Bank, Chesapeake, Virginia, a state member bank. Monarch 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.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
Facility State: Virginia
Facility City: Chesapeake
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.