Federal Reserve Board issues enforcement actions with Bank of Hampton Roads and State Bank and Trust Company

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 22, 2011. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Bank of Hampton Roads (PDF), Norfolk, Virginia, successor by merger with Gateway Bank and Trust, Elizabeth City, North Carolina Order of assessment of civil money penalty in the amount of $33,600, dated Dec. 13, 2011.

State Bank and Trust Company (PDF), Defiance, Ohio Order of assessment of civil money penalty in the amount of $9,340, dated Dec. 15, 2011.

Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System