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Federal Reserve Board issues enforcement actions and announces termination of enforcement action

August 02, 2017 / Source: FRB

Press Release

August 01, 2017

Federal Reserve Board issues enforcement actions with Mesquite Financial Services, Inc., Federal One Holdings, LLC, and Admirals Bancorp, Inc. and announces termination of enforcement action with First St. Charles Bancshares, Inc.

For release at 11:00 a.m. EDT

The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below:

Mesquite Financial Services, Inc., Alice, Texas
Written Agreement dated July 6, 2017

Federal One Holdings, LLC, Milton, Massachusetts and
Admirals Bancorp, Inc., Boston, Massachusetts
Written Agreement dated July 28, 2017

The Federal Reserve Board also announced the termination of the enforcement action listed below:

First St. Charles Bancshares, Inc., Boutte, Louisiana
Written Agreement issued December 21, 2011
Terminated July 24, 2017

The enforcement action from December 2011 can be found here and other enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Attachment 1 (PDF)
Attachment 2 (PDF)

Last Update: August 01, 2017