August 05, 2014

Federal Reserve Board issues enforcement action with Ackley State Bank and terminations of enforcement actions with Anchor Bancorp Wisconsin, Community Financial Shares, and SWNB Bancorp

For release at 11:00 a.m. EDT

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

Ackley State Bank (PDF), Ackley, Iowa
Order of assessment of civil money penalty dated August 1, 2014

The Federal Reserve Board also announced the termination of the enforcement actions listed below:

Anchor Bancorp Wisconsin, Inc., Madison, Wisconsin
Cease and Desist Order issued by the Office of Thrift Supervision dated June 26, 2009
Terminated July 31, 2014

Community Financial Shares, Inc., Glen Ellyn, Illinois
Written Agreement dated May 23, 2011
Terminated August 1, 2014

SWNB Bancorp, Inc., Houston, Texas
Written Agreement dated September 19, 2011
Terminated July 31, 2014

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Last Update: August 05, 2014