Written agreement and prompt corrective action directive with Progress Bank of Florida

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 5, 2010. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Progress Bank of Florida, Tampa, Florida, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.

The Board also announced the issuance of a Prompt Corrective Action Directive with the consent of Progress Bank of Florida.

Copies of the Written Agreement and Directive are attached.

Source: Board of Governors of the Federal Reserve System