November 18, 2010

Board issues enforcement actions with Farmers State Bank, Legacy Bank, and Progressive Growth Corp.

For immediate release

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

Farmers State Bank (158 KB PDF), Victor, Montana
Written Agreement dated November 12, 2010

Legacy Bank (44 KB PDF), Milwaukee, Wisconsin
Prompt Corrective Action Directive dated November 16, 2010

Progressive Growth Corp. (44 KB PDF), Gaylord, Minnesota
Written Agreement dated November 15, 2010

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Last Update: November 18, 2010