Cease and desist order against CapitalSouth Bancorp

The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 6, 2008. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the issuance of a consent Cease and Desist Order against CapitalSouth Bancorp, Birmingham, Alabama, a registered bank holding company, and CapitalSouth Bank, Birmingham, Alabama, a state-chartered member bank.

A copy of the Cease and Desist Order is attached.

Source: Board of Governors of the Federal Reserve System