What's the context for this?

It appears to be the sponsor bank for a number of fintech startups/"challenger" banks like Mercury. It comes up in news results alongside Silicon Valley Bank: https://www.google.com/search?q=%22Choice+Financial+Group%22...

FDIC consent orders appear to be something like a cease and desist. The submitted PDF is non-specific on a skim, but refers to some less than scrupulous behavior.