Federal Reserve Board announces termination of enforcement actions with FNB United Corp., Highland Bancshares, National Consumer Cooperative Bank, and NCB Financial Corporation

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Federal Reserve Board announces termination of enforcement actions with FNB United Corp., Highland Bancshares, National Consumer Cooperative Bank, and NCB Financial Corporation

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The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 7, 2013. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: FNB United Corp. (now known as CommunityOne Bancorp, Charlotte, North Carolina) Written Agreement dated Oct. 21, 2010 Terminated November 5, 2013 Highland Bancshares, Inc., St. Michael, Minnesota Written Agreement dated Aug. 20, 2010 Terminated November 5, 2013 National Consumer Cooperative Bank, Washington, DC Cease and Desist issued by the Office of Thrift Supervision dated March 15, 2010 Terminated Oct. 29, 2013 NCB Financial Corporation, Washington, DC Cease and Desist issued by the Office of Thrift Supervision dated March 15, 2010 Terminated Oct. 29, 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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