Federal Reserve Board issues enforcement action with Commerzbank AG, Frankfurt am Main, and Commerzbank AG New York Branch, and termination of enforcement actions with Premier Bank and Union Bancshares

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 17, 2013. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Commerzbank AG, Frankfurt am Main, Germany and Commerzbank AG New York Branch (PDF), New York, New York Consent Cease and Desist Order dated Oct. 16, 2013 The Federal Reserve Board also announced the termination of the enforcement actions listed below: Premier Bank, Denver, Colorado Prompt Corrective Action Directive dated May 23, 2012 Terminated Oct. 15, 2013 Union Bancshares, Inc., Marksville, Louisiana Written Agreement dated August 5, 2010 Terminated October 7, 2013 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System