Prompt corrective action directive against BankFirst

The following press release was published by the Board of Governors of the Federal Reserve System on June 24, 2009. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced the issuance of a Prompt Corrective Action Directive against BankFirst, Sioux Falls, South Dakota, a state chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System