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 05, 2006

Cease and desist order against Progress Bancshares, Inc.

For immediate release

The Federal Reserve Board on Wednesday announced the issuance of a consent Cease and Desist Order against Progress Bancshares, Inc., Sullivan, Missouri, a registered bank holding company, and its subsidiary bank, Progress Bank of Missouri, Sullivan, Missouri.

Attached is the Board's Order relating to this action.

Attachment

Last Update: July 05, 2006

Press Release

Cease and desist order against Progress Bancshares, Inc.