Federal Reserve Board issues enforcement action with Coastal Bankshares

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 16, 2011. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Coastal Bankshares, Inc. (PDF), Savannah, Georgia Written Agreement dated Aug. 10, 2011 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System