Federal Reserve Board issues enforcement action with Northwestern Bancorp and termination of enforcement action with Saehan Bancorp

The following press release was published by the Board of Governors of the Federal Reserve System on June 11, 2013. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Northwestern Bancorp (PDF), Traverse City, Michigan Written Agreement dated June 7, 2013 The Federal Reserve Board also announced the termination of the enforcement action listed below: Saehan Bancorp, Los Angeles, California Written Agreement dated Jan. 22, 2010 Terminated June 5, 2013 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System