Release Date: August 5, 2010
For immediate release
The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Progress Bank of Florida, Tampa, Florida, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.
The Board also announced the issuance of a Prompt Corrective Action Directive with the consent of Progress Bank of Florida.
Copies of the Written Agreement and Directive are attached.