FDIC Fined Alma $1.25mn BSA

On Apr. 4, FDIC fined Alma Bank for Bank Secrecy Act violations.

  • Advised Alma Bank of right to receive assessment notice for civil money penalty.
  • Alma waived right to hearing, entered into stipulation, consented to order to pay.

Alleged Violation

  • FDIC determined has reason to believe Alma violated the Bank Secrecy Act, and
  • implementing regulations, for the time period from Feb. 2013 through Apr. 2017.


  • Alma Bank was assessed a civil money penalty to pay in the amount of $1.25mn.