Another Category 2, Hypothekarbank Lenzburg AG, bank of the US Tax Program reaches a solution with the the US Department of Justice (DoJ). The bank gets a Non-Prosecution Agreement (NPA) and pays a fine.

In the bank’s NPA, we learn that since August 2008 Hypothekarbank Lenzburg AG had 96 US-related accounts with a maximum aggregate value of about $69.8m. The bank earned a total of $1.2m since then on those accounts according to the DoJ. Hypothekarbank Lenzburg AG will pay a penalty of $560k.