Federal Reserve Board issues enforcement action with Premier Bank and termination of an enforcement action with Pacific Capital Bancorp

The following press release was published by the Board of Governors of the Federal Reserve System on May 29, 2012. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Premier Bank (PDF), Denver, Colorado Prompt Corrective Action Directive dated May 23, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: Pacific Capital Bancorp, Santa Barbara, California Written Agreement dated May 11, 2010 Terminated May 23, 2012 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System