Federal Reserve Board issues enforcement action with SouthFirst Bancshares and termination of enforcement action with West Concord Bancshares and Farmers State Bank of West Concord

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 2, 2012. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: SouthFirst Bancshares, Inc., (PDF) Sylacauga, Alabama Written Agreement dated Sept. 20, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: West Concord Bancshares, Inc., West Concord, Minnesota; Farmers State Bank of West Concord, West Concord, Minnesota Written Agreement dated November 6, 2009 Terminated Sept. 27, 2012 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System