Federal Reserve Board issues enforcement action with ABCT Holdings and announces termination of enforcement actions with BANKWEST Financial and Community Pride Bank Corporation

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Federal Reserve Board issues enforcement action with ABCT Holdings and announces termination of enforcement actions with BANKWEST Financial and Community Pride Bank Corporation

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The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 8, 2013. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: ABCT Holdings, Inc. (PDF), Waco, Texas Written Agreement dated August 5, 2013 The Federal Reserve Board also announced the termination of the enforcement actions listed below: BANKWEST Financial, Inc., Rockford, Minnesota Written Agreement dated July 22, 2011 Terminated August 5, 2013 Community Pride Bank Corporation, Ham Lake, Minnesota Written Agreement dated Sept. 2, 2011 Terminated August 5, 2013 Search of Federal Reserve enforcement actions.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System

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