Federal Reserve Board announces termination of enforcement action with Tennessee State Bancshares, Inc. and Tennessee State Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 16, 2016. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Tennessee State Bancshares, Inc. and Tennessee State Bank, both of Pigeon Forge, Tennessee Written Agreement dated Aug. 31, 2009 Terminated Aug. 10, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System