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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: August 12, 2010

For immediate release

The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive with the consent of Paramount Bank, Farmington Hills, Michigan, a state-chartered member bank.

A copy of the Directive is attached.

Attachment (50 KB PDF)

Last update: August 12, 2010