Prompt corrective action directive against Warren Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 3, 2009. It is reproduced in full below.

The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive against Warren Bank, Warren, Michigan, a state chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System