| For immediate release |
|
The Federal Reserve Board today announced the issuance of an Order to Cease and Desist against Kwai Por Au, a former assistant loan officer and institution-affiliated party of the Hang Seng Bank, U.S.A., Division of Marine Midland Bank,
New York, New York.
Mr. Au, without admitting to any allegations, consented to the issuance of the order based on his alleged improper lending activities. A copy of the order is attached. |
| Order (140 KB PDF) |