Prompt corrective action directive against Pacific State Bank

The following press release was published by the Board of Governors of the Federal Reserve System on July 22, 2010. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive against Pacific State Bank, Stockton, California, a state-chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System