Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: March 8, 2002

For immediate release

The Federal Reserve Board on Friday announced the issuance of a Prompt Corrective Action Directive against the New Century Bank, Shelby Township, Michigan.

A copy of the Directive is attached.

Attachment (188 KB PDF)

2002 Enforcement actions

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Last update: March 8, 2002