The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: Asian Financial Corporation and Asian Bank, both of Philadelphia, Pennsylvania Order to Cease and Desist issued Aug. 1, 2012 Terminated Jan. 19, 2016 New Peoples Bankshares, Inc. and New Peoples Bank, Inc., both of Honaker, Virginia Written Agreement issued July 29, 2010 Terminated Jan. 20, 2016 Severn Bancorp, Inc., Annapolis, Maryland Supervisory Agreement issued by the Office of Thrift Supervision dated Nov. 29, 2009 Terminated Jan. 21, 2016 Northern States Financial Corporation, Waukegan, Illinois Written Agreement issued March 17, 2011 Terminated Jan. 22, 2016 Search of Federal Reserve enforcement actions.
For media inquiries, call 202-452-2955.
