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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: November 6, 2008

For immediate release

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Paramount Bancorp, Inc., a registered bank holding company, Paramount Bank, a state chartered member bank, both of Farmington Hills, Michigan, the Federal Reserve Bank of Chicago, and the Michigan Office of Financial and Insurance Regulation.

A copy of the Written Agreement is attached.

Attachment (457 KB PDF)

Last update: November 6, 2008