October 07, 2014
Federal Reserve Board issues enforcement action with Fayette County Bank and termination of enforcement actions with First Security Group and South Group Bancshares
For release at 11:00 a.m. EDT
The Federal Reserve Board on Tuesday announced the execution of the following enforcement action:
Fayette County Bank (PDF), St. Elmo, Illinois
Prompt Corrective Action Directive dated October 2, 2014
The Federal Reserve Board also announced the termination of the enforcement actions listed below:
First Security Group, Inc., Chattanooga, Tennessee
Written Agreement issued September 7, 2010
Terminated October 2, 2014
South Group Bancshares, Inc., Glennville, Georgia
Written Agreement issued August 31, 2010
Terminated October 1, 2014