Board issues enforcement actions with Farmers State Bank, Legacy Bank, and Progressive Growth Corp.

The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 18, 2010. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Farmers State Bank (158 KB PDF), Victor, Montana Written Agreement dated Nov. 12, 2010 Legacy Bank (44 KB PDF), Milwaukee, Wisconsin Prompt Corrective Action Directive dated Nov. 16, 2010 Progressive Growth Corp. (44 KB PDF), Gaylord, Minnesota Written Agreement dated Nov. 15, 2010 Search of Federal Reserve enforcement actions.

Source: Board of Governors of the Federal Reserve System