Cortrust Bank National Association (FUID: 390-061-355), headquartered in Mitchell, SD, has accumulated 2 enforcement actions from the Office of the Comptroller of the Currency over a 19-year period, resulting in $5K in combined civil money penalties and restitution orders. The enforcement record includes actions against both the institution and 1 affiliated individual.
Institutional Actions
Federal regulators have taken 1 direct action against the institution, with the costliest period being the 2000s, when $5K in penalties were levied. The single largest action — a civil Money Penalty of $5,250 — was issued on Sep 17, 2004.
| Date | Action | Amount | Docket |
|---|---|---|---|
| Sep 17, 2004 | Civil Money Penalty | $5,250 | — |
Individual Enforcement Actions
Regulators have issued 1 enforcement action against individuals affiliated with the institution, the majority being prohibition and removal orders barring persons from the banking industry.
| Date | Individual | Action | Amount |
|---|---|---|---|
| Oct 6, 2023 | Gabe Outtrim | 1829 Prohibition | — |
Enforcement by Decade
The 2000s represent the costliest period in the institution's enforcement history, driven by $5K in penalties.
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. Institution identification data is sourced from the FFIEC Central Data Repository (RSSD ID: 61355) and the FDIC BankFind Suite (Certificate: 6063). 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.