Federal Reserve Board issues enforcement actions with South Shore Bank and Dime Community Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 12. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: South Shore Bank, Weymouth, Massachusetts Flood insurance violations; civil money penalty Consent Order, dated Aug. 10, 2021 Dime Community Bank, Hauppauge, New York Flood insurance violations; civil money penalty Consent Order, dated Aug. 11, 2021 Enforcement actions can be searched for here.

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Source: Board of Governors of the Federal Reserve System