Federal Reserve Board issues enforcement action with CBOA Financial, Inc., and announces termination of enforcement action with Foundation Bancorp, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on June 3, 2014. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: CBOA Financial, Inc. (PDF), Tucson, Arizona Written Agreement dated May 28, 2014 The Federal Reserve Board also announced the termination of the enforcement action listed below: Foundation Bancorp, Inc., Bellevue, Washington Written Agreement dated Dec. 23, 2010 Terminated May 28, 2014 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System