Prompt corrective action directive against Old Southern Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 14, 2010. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive with the consent of Old Southern Bank, Orlando, Florida, a state chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System