Federal Reserve Board issues enforcement actions with Flagship Financial Group and Texas Bancshares

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 25, 2011. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Texas Bancshares, Inc. (PDF), Snyder, Texas Written Agreement dated Aug. 17, 2011 Flagship Financial Group, Inc. (PDF), Eden Prairie, Minnesota Written Agreement dated Aug. 19, 2011 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System