Federal Reserve Board issues enforcement actions with Evolve Bank & Trust and North American Banking Company

The following press release was published by the Board of Governors of the Federal Reserve System on June 21. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below: Evolve Bank & Trust, West Memphis, Arkansas Flood insurance violations, civil money penalty, dated June 15, 2022 North American Banking Company, Roseville, Minnesota Flood insurance violations, civil money penalty, dated June 15, 2022 Additional enforcement actions can be searched for here.

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Source: Board of Governors of the Federal Reserve System