Cease and desist order against Orion Bancorp and Orion Bank

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Cease and desist order against Orion Bancorp and Orion Bank

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The following press release was published by the Board of Governors of the Federal Reserve System on Sept. 22, 2009. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of a consent Cease and Desist Order by and among Orion Bancorp, Inc., a registered bank holding company, Orion Bank, a state chartered member bank, both of Naples, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.

A copy of the Order is attached.

Source: Board of Governors of the Federal Reserve System

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