August 11, 2015
Federal Reserve Board issues enforcement action with Cecil Bank, and announces termination of enforcement action with Philippine National Bank
For release at 11:00 a.m. EDT
The Federal Reserve Board on Tuesday announced the execution of the following enforcement action:
Cecil Bank (PDF), Elkton, Maryland
Prompt Corrective Action Directive dated August 7, 2015
The Federal Reserve Board also announced the termination of the enforcement action listed below:
Philippine National Bank, Pasay City, Philippines and Philippine National Bank New York Branch, New York, New York
Written Agreement dated May 8, 2009
Terminated August 5, 2015
Search of Federal Reserve enforcement actions.
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