Board issues enforcement actions with Valley Financial Corporation and Valley Bank, and NexTier Incorporated

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 7, 2010. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: NexTier Incorporated (57 KB PDF), Butler, Pennsylvania Written Agreement dated October 4, 2010 Valley Financial Corporation and Valley Bank (98 KB PDF), both of Roanoke, Virginia Written Agreement dated Sept. 30, 2010 Search of Federal Reserve enforcement actions.

Source: Board of Governors of the Federal Reserve System