March 22, 2011

Board issues enforcement actions with Northern States Financial Corporation and Tidelands Bancshares, Inc.

For immediate release

The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions:

Northern States Financial Corporation (78 KB PDF), Waukegan, Illinois
Written Agreement dated March 17, 2011

Tidelands Bancshares, Inc. (64 KB PDF) Mount Pleasant, South Carolina
Written Agreement dated March 18, 2011 

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Last Update: March 22, 2011