Federal Reserve Board issues enforcement action with Allied Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 18, 2016. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Allied Bank, Mulberry, Arkansas Prompt Corrective Action Directive dated Aug. 15, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System