Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

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March 08, 2006

Cease and desist order against Asian Financial Corporation

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

Last Update: March 08, 2006

Press Release

Cease and desist order against Asian Financial Corporation