| For immediate release |
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The Federal Reserve Board on Monday announced the issuance of a Cease and Desist Order against CAB Holding, LLC, Wilmington, Delaware, and Paul Shi H. Huang, the sole shareholder of CAB Holding, LLC. The Order addresses the violation of certain conditions imposed in writing on CAB Holding and Mr. Huang in connection with the acquisition of The Chinese American Bank, New York, New York. A copy of the Cease and Desist Order is attached. |