Quaint Oak Bank subsidiary enters consent orders with FDIC and PA regulator over BSA/AML program

QUAINT OAK BANCORP, INC.

Consent orders issued May 15, 2025; bank neither admitted nor denied unsafe practices or violations.
No fines, penalties, or activity restrictions imposed; orders require enhanced AML/CFT policies and controls.
Remediation deadlines: 90 days for third-party risk program, 180 days for AML internal controls and risk assessment.
Bank has already hired VP Financial Crimes, expanded AML staff, and enhanced training and audit functions.
Orders follow joint FDIC/state examination that began Feb 20, 2024, based on 2023 financial data.

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