Press Release

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 Share 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. For media inquiries, call 202-452-2955.

Federal Reserve (2015, August 10). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20150811_federal_reserve_board_issues_enforcement_action

@misc{wtfs_press_release_20150811_federal_reserve_board_issues_enforcement_action,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2015},
  month = {Aug},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20150811_federal_reserve_board_issues_enforcement_action},
  note = {Retrieved via When the Fed Speaks corpus}
}