Federal Reserve Board issues enforcement actions with Herring Bancorp, Inc., Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.

The following press release was published by the Board of Governors of the Federal Reserve System on July 6. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below:

Herring Bancorp, Inc., Amarillo, Texas

Cease and Desist Order dated June 29, 2023

Quontic Bank Acquisition Corp., Astoria, New York, and Quontic Bank Holdings Corp., Astoria, New York

Written Agreement dated July 5, 2023

Additional enforcement actions can be searched for here.

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Source: Board of Governors of the Federal Reserve System