Federal Reserve Board issues enforcement action against Mariner's Bancorp and termination of enforcement action with Paradise Bank

The following press release was published by the Board of Governors of the Federal Reserve System on June 5, 2012. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Mariner's Bancorp (PDF), Edgewater, New Jersey Written Agreement dated May 25, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: Paradise Bank, Boca Raton, Florida Written Agreement dated April 16, 2010 Terminated May 30, 2012 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System