Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: January 23, 2003

For immediate release

The Federal Reserve Board on Thursday announced the issuance of an Order of Assessment of a Civil Money Penalty against the Central State Bank, Calera, Alabama, a state member bank.

The Central State Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.

The Order requires the Central State Bank to pay a civil money penalty of $2,000, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.

A copy of the Order is attached.

Attachment (95 KB PDF)

2003 Enforcement actions

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Last update: January 23, 2003