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The Federal Reserve Board today announced the issuance of an Order of Prohibition against George J. Peterson, the former chairman of the board and chief executive officer and institution-affiliated party of Foxdale Bancorp, Inc., and the Foxdale Bank, both of South Elgin, Illinois. Mr. Peterson, without admitting to any allegations, consented to the issuance of the Order as a result of his alleged conduct which constituted violations of applicable law and regulations.
The Order was issued jointly with the Commissioner of Banks and Real Estate, Bureau of Banks and Trust Companies for the state of Illinois.
A copy of the Order is attached.
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