Violation Tracker Individual Record

Company: 
CommerceWest Bank
Current Parent Company: 
CommerceWest Bank
Penalty: 
$4,900,000
Year: 
2015
Date: 
March 10, 2015
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 Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.