Business ProfileforOcean Wave Bank
Current Alerts For This Business
The following describes an action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On July 18, 2023, the Michigan Department of Insurance and Financial Services (DIFS) issued a Final Order revoking the banking license of Ocean Wave Bank. As part of DIFS Order, Ocean Wave must cease and desist operating its website, conducting any business as Ocean Wave Bank, and committing any acts in violation of the Michigan Banking Code and the Money Transmission Services Act.
The Order alleges Ocean Wave Bank operated as a bank without authorization and did not hold the license required to provide money transmission services in the State of Michigan. Click here to read DIFS Final Order. Case# 23-1086-B
At-a-glance
Business Details
- Location of This Business
- 5483 East Norlin Way, Au Train, MI 49806
- BBB File Opened:
- 7/27/2023
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
Customer Complaints
0 Customer Complaints
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