In 2012, a Santa Barbara-based bank was fined $1.4 billion for its role in a $2.5 billion scheme that allowed employees to deposit more than $1 million at one time.
The bank received a $600,000 fine for the first $1,000,000 deposited.
The second $1 the bank deposited in the account in 2014 was more than double that amount, but the bank was only fined $250,000 for $2,908,000.
The third $1 deposit in 2015 was over $2 million.
A spokesperson for the Santa Barbara County Board of Supervisors said that this is “not the first time” that the bank has paid back a fine, but added that “we don’t comment on individual cases.”
It is worth noting that the board’s spokesperson did not say if the bank will appeal.
The Santa Barbara Independent recently reported that a bank in the Santa Cruz County community was fined over $700,000 after it deposited more than 100 million dollars in accounts in one year.
That bank, the Santa Clara County Bank, was fined a total of $1 billion in 2014.
The San Jose Mercury News recently reported on the cases of two other Santa Barbara banks that had failed to pay back a $1 in fines.
In one case, the bank lost over $4.5 million on a $5 million penalty, and in the other case, a bank lost $2 billion.
As Polygon previously reported, the total amount of money that Santa Barbara Bank has paid out in fines since it began operating in 2009 is $1.,400,000 million.
It was the second-largest fine ever imposed in the United States for financial crimes.
Santa Barbara has also been fined $500,000 in 2014 and $1million in 2015, and the city’s largest bank, Bank of America, lost $1m in a case that was settled with the state of California.
As of last year, Santa Barbara had been fined more than a billion dollars for banking violations, including more than 7,400 for false and misleading statements, and more than 8,000 related to a $3.8 billion bank fraud.