Federal Reserve Board issues enforcement action with Christopher Watkins and termination of enforcement action with Orient Bancorporation and Bank of the Orient

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 23, 2016. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Christopher Watkins, a former institution-affiliated party of Central State Bank (now known as CBI Bank & Trust), Muscatine, Iowa Cease and Desist Order dated Aug. 19, 2016 The Federal Reserve Board also announced the termination of the enforcement action listed below: Orient Bancorporation and Bank of the Orient, both of San Francisco, California Written Agreement dated Nov. 16, 2010 Terminated Aug. 18, 2016 Search of Federal Reserve enforcement actions.

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Source: Board of Governors of the Federal Reserve System