Prompt corrective action directive against Horizon Bank

The following press release was published by the Board of Governors of the Federal Reserve System on March 9, 2010. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the issuance of a Prompt Corrective Action Directive against Horizon Bank, Bradenton, Florida, a state chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System