# OCC CMP action 2023-026
> **First FS & LA** · Individual · 2023-08-23 · **$3K** penalty
## Action
- **Document number:** 2023-026
- **Docket number:** AA-CE-2023-29
- **Type:** CMP — Civil Money Penalty (CMP)
- **Respondent type:** Individual
- **Action date:** 2023-08-23
- **Civil money penalty:** $3K
## Respondent
- **Bank:** First FS & LA
- **Individual:** Ralph Derrickson
- **Charter number:** 706902
- **Location:** Morehead, KENTUCKY
## Subjects

Breach of Fiduciary Duty|Enterprise Governance / Internal Controls / General Risk Management|Insider Issues

## Source
- [OCC enforcement order PDF](https://apps.occ.gov/EASearch/Document/Download?id=2023-026)
- [OCC EASearch portal](https://apps.occ.gov/EASearch/)
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