OCC Announces Enforcement Actions for February 2025 — 2025-02-20

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC also announced updates to its enforcement action search tool. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against banks are: Formal Agreement with Dearborn FSB, Dearborn, Michigan, for unsafe or unsound practices, including those related to compliance management, fair lending risk management, insider activities, and compensation practices; and violations related to recordkeeping. (Docket No. AA-CE-2025-2) Formal Agreement with Patriot Bank, N.A., Stamford, Connecticut, for violations and unsafe or unsound practices, including those related to strategic planning, capital planning, Bank Secrecy Act/Anti-Money Laundering risk management, payment activities oversight, credit administration, and concentration risk management. (Docket No.