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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September 06, 2016

Federal Reserve Board announces termination of enforcement action with FirstFed Bancorp, Inc. Employee Stock Ownership Plan and FirstFed Bancorp, Inc.

For release at 11:00 a.m. EDT

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

FirstFed Bancorp, Inc. Employee Stock Ownership Plan and FirstFed Bancorp, Inc., both of Bessemer, Alabama
Written Agreement dated June 27, 2011
Terminated September 1, 2016

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Last Update: September 06, 2016

Press Release

Federal Reserve Board announces termination of enforcement action with FirstFed Bancorp, Inc. Employee Stock Ownership Plan and FirstFed Bancorp, Inc.