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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: March 8, 2006

For immediate release

The Federal Reserve Board on Wednesday announced the issuance of a consent Cease and Desist Order against Asian Financial Corporation, Philadelphia, Pennsylvania, and its subsidiary bank, Asian Bank, Philadelphia, Pennsylvania.

A copy of the Cease and Desist Order is attached.

Attachment (513 KB PDF)

Last update: March 8, 2006