Federal Reserve Board issues enforcement action with Fayette County Bank and termination of enforcement actions with First Security Group and South Group Bancshares

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 7, 2014. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Fayette County Bank (PDF), St. Elmo, Illinois Prompt Corrective Action Directive dated Oct. 2, 2014 The Federal Reserve Board also announced the termination of the enforcement actions listed below: First Security Group, Inc., Chattanooga, Tennessee Written Agreement issued September 7, 2010 Terminated Oct. 2, 2014 South Group Bancshares, Inc., Glennville, Georgia Written Agreement issued Aug. 31, 2010 Terminated Oct. 1, 2014 Search of Federal Reserve enforcement actions.

Source: Board of Governors of the Federal Reserve System