Press Release

April 01, 2025 Federal Reserve Board issues enforcement action with former employee of Banco Popular de Puerto Rico and announces termination of enforcement action with Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc For release at 11:00 a.m. EDT Share The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition order against Nicolás Pérez Alvarado Former employee of Banco Popular de Puerto Rico, San Juan, Puerto Rico Embezzlement of bank funds Also on Tuesday, the Board announced the termination of the enforcement action listed below: Allegiant United Holdings, LLC, Irvine, California, Nano Financial Holdings, Inc., Irvine, California, and Nano Banc, Irvine, California Cease and Desist Order dated January 18, 2022 (PDF) Terminated March 20, 2025 Additional enforcement actions can be searched for here . For media inquiries, please email [email protected] or call 202-452-2955. Attachment (PDF)

Federal Reserve (2025, March 31). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20250401_federal_reserve_board_issues_enforcement_action

@misc{wtfs_press_release_20250401_federal_reserve_board_issues_enforcement_action,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2025},
  month = {Mar},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20250401_federal_reserve_board_issues_enforcement_action},
  note = {Retrieved via When the Fed Speaks corpus}
}