Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: June 21, 2000

For immediate release

The Federal Reserve Board today announced the execution of a Written Agreement by and among New Century Bancorp, the New Century Bank, both of Southfield, Michigan, the Federal Reserve Bank of Chicago, and the Michigan Office of Financial and Insurance Services.

A copy of the Written Agreement is attached.

Attachment (488 KB PDF)

2000 Enforcement actions

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Last update: July 21, 2000