Federal Reserve Board issues enforcement action with Alliance Financial Services, Inc. and Patriot Bancshares, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 13, 2011. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Alliance Financial Services, Inc. (PDF), Saint Paul, Minnesota Written Agreement dated December 8, 2011 Patriot Bancshares, Inc. (PDF), Houston, Texas, and Patriot Holdings Nevada, Inc., Reno, Nevada Written Agreement dated Nov. 17, 2011 Search of Federal Reserve enforcement actions.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System