Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: June 7, 2005

For immediate release

The Federal Reserve Board on Tuesday announced the issuance of a Final Decision and Cease and Desist Order against eighteen former institution-affiliated parties of First Western Bank, Cooper City, Florida, and an Order of Prohibition against Carl V. Thomas, one of the former institution-affiliated parties. The Orders were the result of an action brought by the Board to address violations of the Change in Bank Control Act in connection with the respondents' acquisition of shares of First Western Bank in 1997 and 1998.

Attached are the Board's Final Decision and Orders relating to this action.

Attachment (177 KB PDF)

2005 Enforcement actions

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Last update: June 7, 2005