Board issues enforcement action against BankEast

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 28, 2010. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: BankEast (49 KB PDF), Knoxville, Tennessee Prompt Corrective Action Directive dated Dec. 22, 2010 Search of Federal Reserve enforcement actions.

Source: Board of Governors of the Federal Reserve System