Prompt corrective action against Sun American Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 4, 2010. It is reproduced in full below.

The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive with the consent of Sun American Bank, Boca Raton, Florida, a state chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System