Federal Reserve Board issues enforcement actions with Bank of the Carolinas Corporation, Community State Bank, Lindell Bank and Trust Company, Pacific Commerce Bank, and Whitaker Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Sept. 1, 2011. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Bank of the Carolinas Corporation (PDF), Mocksville, North Carolina Written Agreement dated Aug. 26, 2011 Community State Bank (PDF), Poteau, Oklahoma Order of assessment of civil money penalty in the amount of $7,130, dated Aug. 26, 2011 Lindell Bank and Trust Company (PDF), St. Louis, Missouri Order of assessment of civil money penalty in the amount of $9,470, dated Aug. 15, 2011 Pacific Commerce Bank (PDF), Los Angeles, California Written Agreement dated Aug. 24, 2011 Whitaker Bank (PDF), Lexington, Kentucky Order of assessment of civil money penalty in the amount of $8,500, dated Aug. 26, 2011 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System