Federal Reserve Board issues 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 March 23. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Orient Bancorporation, San Francisco, California; Bank of the Orient, San Francisco, California Written Agreement dated March 18, 2021 Enforcement actions can be searched for here.

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Source: Board of Governors of the Federal Reserve System