Guaranty Bank and Trust pays $80,500 flood insurance penalty
Issued by FDIC
The Board may waive the application of Sec. 206.4(a) of this part to a bank if the primary Federal supervisor of the bank advises the Board that the bank is not reasonably able to obtain necessary services, including payment-related services and placement of funds, without incurring exposure to a correspondent in excess of the otherwise applicable limit. .