Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

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July 23, 2009

Prompt corrective action directive against Bank of Elmwood

For immediate release

The Federal Reserve Board on Thursday announced the issuance of a consent Prompt Corrective Action Directive against Bank of Elmwood, Racine, Wisconsin, a state chartered member bank.

A copy of the Directive is attached.

Attachment

Last Update: July 23, 2009

Press Release

Prompt corrective action directive against Bank of Elmwood