Federal Reserve Board issues enforcement actions with First Ipswich Bank, Brookline Bank, and former employee of Farmers & Merchants Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 20, 2019. It is reproduced in full below.

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 Aug. 14, 2019 Brookline Bank, Brookline, Massachusetts Flood insurance violation civil money penalty, dated Aug. 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 Aug. 19, 2019 Additional enforcement actions can be searched for here.

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Source: Board of Governors of the Federal Reserve System