August 05, 2010

Written agreement and prompt corrective action directive with Progress Bank of Florida

For immediate release

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Progress Bank of Florida, Tampa, Florida, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.

The Board also announced the issuance of a Prompt Corrective Action Directive with the consent of Progress Bank of Florida.

Copies of the Written Agreement and Directive are attached.

Last Update: August 05, 2010