Federal Reserve Board issues enforcement action with State Bank and termination of enforcement actions with NASB Financial, Inc., and NexTier Incorporated

The following press release was published by the Board of Governors of the Federal Reserve System on July 22, 2014. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: State Bank (PDF), New Hampton, Iowa Order of assessment of civil money penalty dated July 17, 2014 The Federal Reserve Board also announced the termination of the enforcement actions listed below: NASB Financial, Inc., Grandview, Missouri Written Agreement issued Nov. 29, 2012 Terminated July 16, 2014 NexTier Incorporated, Butler, Pennsylvania Written Agreement issued October 4, 2010 Terminated July 17, 2014 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System