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Violation Tracker Individual Record

Company: CommerceWest Bank
Current Parent CompanyCommerceWest Bank
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $4,900,000
Year: 2015
Date: March 10, 2015
Offense Group: competition-related offenses
Primary Offense: fraud
Violation Description: The Justice Department announced a $4.9 million civil and criminal resolution with CommerceWest Bank, of Irvine, California, arising out of the department's investigation into consumer fraud schemes facilitated by the bank.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: civil and criminal
Prosecution Agreement: deferred prosecution agreement
Facility State: California
Facility City: Irvine
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.