OCC Announces Enforcement Actions for November 2024 — 2024-11-21

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 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: Cease and Desist Order against Clear Fork Bank, N.A., Albany, Texas, for violations of law and unsafe or unsound practices related to the Bank Secrecy Act (BSA)/anti-money laundering. The bank failed to correct previously reported BSA problems. (Docket No. AA-ENF-2024-82). This order supersedes, in part, the OCC’s formal agreement with the bank dated February 16, 2021 (Docket No. AA-SO-2021-3), which the OCC has terminated. (Docket No.