Federal Reserve Board issues enforcement action against Grand Bankshares

The following press release was published by the Board of Governors of the Federal Reserve System on May 15, 2012. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Grand Bankshares, Inc. (PDF), West Palm Beach, Florida Written Agreement dated May 9, 2012 Search of Federal Reserve enforcement actions.

Source: Board of Governors of the Federal Reserve System