Federal Reserve Board announces termination of enforcement actions with Flagship Financial Group, Inc., and Prospect Financial Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 19, 2016. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Flagship Financial Group, Inc., Eden Prairie, Minnesota Written Agreement issued Aug. 19, 2011 Terminated Jan. 14, 2016 Prospect Financial Corporation, Warwick, Rhode Island Supervisory Agreement issued by the Office of Thrift Supervision dated October 6, 2010 Terminated Jan. 14, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System