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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: August 11, 2011

For immediate release

The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive against Bank of the Eastern Shore (PDF), Cambridge, Maryland, a state-chartered member bank dated August 8, 2011.

The Federal Reserve Board also on Thursday announced the execution of a written agreement against Texas Coastal Bank (PDF), Pasadena, Texas, a state-chartered member bank, dated August 4, 2011.

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Last update: August 11, 2011