South Central Bank, National Association (FUID: 390-018-135), headquartered in Chicago, IL, has accumulated 5 enforcement actions from the Office of the Comptroller of the Currency, resulting in $176K in combined civil money penalties and restitution orders. The enforcement record includes actions against both the institution and 5 affiliated individuals.
Individual Enforcement Actions
Regulators have issued 5 enforcement actions against individuals affiliated with the institution. The pace of individual actions has accelerated in recent years, with 5 of the 5 total actions occurring since 2020.
Notable individual actions include a $141,471 penalty against Christopher Sangster in 2021, a $35,000 penalty against Christopher Sangster in 2021.
| Date | Individual | Action | Amount |
|---|---|---|---|
| Feb 6, 2020 | Christopher Sangster | Notice of Charges | — |
| May 17, 2021 | Christopher Sangster | Prohibition/Removal | — |
| May 17, 2021 | Christopher Sangster | Cease-and-Desist Order | — |
| May 17, 2021 | Christopher Sangster | Civil Money Penalty | $35,000 |
| May 17, 2021 | Christopher Sangster | C&D or PC&D Requiring Restitution | $141,471 |
Institution Profile
Data Sources & Methodology
All enforcement actions cited in this article are sourced from the Office of the Comptroller of the Currency's public enforcement actions database. Docket numbers are reproduced as published. Dollar amounts reflect penalties and restitution as ordered; actual amounts paid may differ pursuant to settlement agreements or appeals. This article is generated programmatically from verified regulatory data and does not constitute legal or investment advice.