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The Federal Reserve Board on Friday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against the Community Bank of Granbury, Granbury, Texas, a state member bank. Community Bank of Granbury, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's Regulations implementing the National Flood Insurance Act. The Order requires the Community Bank of Granbury to pay a civil money penalty of $10,000, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
A copy of the Order is attached.
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