Prompt corrective action directive against Metro Bank of Dade County

The following press release was published by the Board of Governors of the Federal Reserve System on June 21, 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 Metro Bank of Dade County, Miami, Florida, a state-chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System