Prompt corrective action directive against Home Valley Bank

The following press release was published by the Board of Governors of the Federal Reserve System on July 12, 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 Home Valley Bank, Grants Pass, Oregon, a state-chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System