The Federal Deposit Insurance Corp. took action against six banks and freed a dozen from orders in October.
The new actions include three consent orders and three monetary penalties, the FDIC announced last week.
The FDIC issued a consent order against United Bank of Michigan in Grand Rapids, requiring the $469 million-asset bank to improve its compliance with the Bank Secrecy Act. The bank must implement procedures for monitoring accounts and reporting suspicious activity; it must also train its employees to comply with the law.
A consent order against Premier Community Bank in Marion, Wis., requires the $262 million-asset bank to appoint a compliance committee, name a compliance officer and improve the oversight of its internal compliance controls.
The FDIC also ordered Jourdanton State Bank in Texas to improve its compliance system. The consent order requires the $146 million-asset bank to develop a compliance-management system, improve its board oversight and train its employees to comply with consumer laws.
The FDIC also issued a $20,000 fine against Bank of Dade in Trenton, Ga.; a $24,200 fine against Metro Bank in Pell City, Ala.; and a $6,250 fine against Farmers Bank and Trust Co. in Princeton, Ky.
The FDIC terminated enforcement actions with Advantage Bank in Cambridge, Ohio; American Heartland Bank and Trust in Sugar Grove, Ill.; EvaBank in Eva, Alabama; Commerce Bank in Geneva, Minn.; Security First Bank in Fresno, Calif.; Farmers Exchange Bank in Louisville, Ala.; Community Bank and Trust-Alabama in Union Springs; First Bank in Clewiston, Fla.; Integrity First Bank in Wausau, Wis.; Sunrise Bank of Arizona in Phoenix; The Delaware County Bank and Trust Co. in Lewis Center, Ohio; and First State Financial in Pineville, Ky.
The regulator also modified a consent order with Kenney Bank and Trust in Kenney, Illinois.