Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

October 19, 2010

Board issues enforcement actions with 1st Financial Services Corporation, Highlands Bankshares, Inc. and Highlands Union Bank, and Persons Banking Company, Inc.

For immediate release

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

1st Financial Services Corporation (57 KB PDF), Hendersonville, North Carolina
Written Agreement dated October 13, 2010

Highlands Bankshares, Inc. and Highlands Union Bank (127 KB PDF), both of Abingdon, Virginia
Written Agreement dated October 13, 2010

Persons Banking Company, Inc. (62 KB PDF), Macon, Georgia
Written Agreement dated October 14, 2010

Search of Federal Reserve enforcement actions.

Last Update: October 19, 2010

Press Release

Board issues enforcement actions with 1st Financial Services Corporation, Highlands Bankshares, Inc. and Highlands Union Bank, and Persons Banking Company, Inc.