Federal Reserve Board issues enforcement action with Industrial Bank of Korea, and announces termination of enforcement actions with CSRA Bank Corp., and FMB Equibanc, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on March 1, 2016. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Industrial Bank of Korea (PDF), Seoul, Korea, and Industrial Bank of Korea New York Branch, New York, New York Written Agreement dated Feb. 24, 2016 The Federal Reserve Board also announced the termination of the enforcement actions listed below: CSRA Bank Corp., Wrens, Georgia Written Agreement dated Aug. 19, 2010 Terminated Jan. 20, 2016 FMB Equibanc, Inc., Statesboro, Georgia Written Agreement dated April 23, 2010 Terminated Feb. 25, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System