skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

Press Release

Federal Reserve Press Release

Release Date: August 11, 2015

For release at 11:00 a.m. EDT

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action:

Cecil Bank (PDF), Elkton, Maryland
Prompt Corrective Action Directive dated August 7, 2015

The Federal Reserve Board also announced the termination of the enforcement action listed below:

Philippine National Bank, Pasay City, Philippines and Philippine National Bank New York Branch, New York, New York 
Written Agreement dated May 8, 2009
Terminated August 5, 2015

Search of Federal Reserve enforcement actions.

For media inquiries, call 202-452-2955.

Last update: August 11, 2015