Federal Reserve Board issues enforcement actions against ColoEast Bankshares, Inc., and First Trust Corporation and termination of enforcement action with Baylake Corp. and Baylake Bank

The following press release was published by the Board of Governors of the Federal Reserve System on June 12, 2012. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: ColoEast Bankshares, Inc. (PDF), Lamar, Colorado Written Agreement dated June 6, 2012 First Trust Corporation (PDF), New Orleans, Louisiana Written Agreement dated June 5, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: Baylake Corp. and Baylake Bank, both of Sturgeon Bay, Wisconsin Written Agreement dated Dec. 23, 2010 Terminated June 4, 2012 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System