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: February 2, 2016

For release at 11:00 a.m. EST

The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below:

Asian Financial Corporation and Asian Bank, both of Philadelphia, Pennsylvania
Order to Cease and Desist issued August 1, 2012
Terminated January 19, 2016

New Peoples Bankshares, Inc. and New Peoples Bank, Inc., both of Honaker, Virginia
Written Agreement issued July 29, 2010
Terminated January 20, 2016

Severn Bancorp, Inc., Annapolis, Maryland
Supervisory Agreement issued by the Office of Thrift Supervision dated November 29, 2009
Terminated January 21, 2016

Northern States Financial Corporation, Waukegan, Illinois
Written Agreement issued March 17, 2011
Terminated January 22, 2016

Search of Federal Reserve enforcement actions.

For media inquiries, call 202-452-2955.

Last update: February 2, 2016