Prompt corrective action directive against Orion Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 13, 2009. It is reproduced in full below.

The Federal Reserve Board on Friday announced the issuance of a Prompt Corrective Action Directive against Orion Bank, Naples, Florida, a state chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System