|For immediate release|
The Federal Reserve Board today announced the issuance of a consent Order against the R&T Foundation and James R. Sellers, intitution-affiliated parties of the First Western Bank, Cooper City, Florida, a state member bank.
The parties, without admitting to any allegations, consented to the Order to resolve allegations that they violated the Change in Bank Control Act in connection with the acquisition of beneficial ownership of the shares of the bank.
A copy of the Order is attached.
2000 Enforcement actions