Regulatory Alerts2017-03-31
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Bulletin 2771 - March 31, 2017
The Department of Banking approved WorldBusiness Capital, Inc. to operate as an international trade and investment corporation, marking the first license issued under this newly created category. The Commissioner entered a Consent Order with attorney Peter David Hershman, fining him $8,500 and directing him to cease and desist from regulatory violations related to misleading statements and undisclosed compensation. Additionally, the bulletin lists a full-service branch relocation for Bank & Trust Company and the closing of a state branch for Royal Bank of Scotland plc.
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