Board issues prompt corrective action against Virginia Business Bank of Richmond

The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 27, 2011. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Virginia Business Bank (42 KB PDF), Richmond, Virginia Prompt Corrective Action Directive dated Jan. 24, 2011 Search Federal Reserve enforcement actions.

Source: Board of Governors of the Federal Reserve System