Board issues enforcement actions with Community Financial Shares, Inc, Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company, North Texas Bancshares, Inc., and Provident Community Bancshares, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on May 26, 2011. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Community Financial Shares, Inc. (59 KB PDF), Glen Ellyn, Illinois Written Agreement dated May 23, 2011 Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company (158 KB PDF), both of Four Oaks, North Carolina Written Agreement dated May 24, 2011 North Texas Bancshares, Inc., Dallas, Texas, and North Texas Bancshare of Delaware, Inc. (81 KB PDF), Wilmington, Delaware Written Agreement dated May 23, 2011 Provident Community Bancshares, Inc. (55 KB PDF), Rock Hill, South Carolina Written Agreement dated May 20, 2011 Search of Federal Reserve enforcement actions.

Source: Board of Governors of the Federal Reserve System