Prompt corrective action directive against Sunrise Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 30, 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 Sunrise Bank, Cocoa Beach, Florida, a state-chartered member bank.

A copy of the Directive is attached.

Source: Board of Governors of the Federal Reserve System