The First State Bank of Crossett has been cited by the Federal Deposit Insurance Corporation for unsafe or unsound banking practices and violations of law or regulation, according to a consent order signed by the bank.

The charges include operating without an adequate supervision by the board of directors, operating without an effective Bank Secrecy Act program, operating without an effective compliance management system, operating without an effective information technology system and operating without effective supervision of third-party risks. Without admitting or denying the charges, First State Bank of Crossett signed a consent order, dated January 3 and made public last week.