August 07, 2012

Federal Reserve Board issues enforcement actions against Asian Financial Corporation, Gold Canyon Bank, Spirit BankCorp, and the State Bank of Blue Mound, and termination of enforcement action against LegacyTexas Group

For immediate release

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

Asian Financial Corporation (PDF), Philadelphia, Pennsylvania
Cease and Desist Order dated August 1, 2012

Gold Canyon Bank (PDF), Cold Canyon, Arizona
Prompt Corrective Action Directive dated August 1, 2012

Spirit BankCorp, Inc. (PDF), Bristow, Oklahoma
Written Agreement dated August 2, 2012

The State Bank of Blue Mound (PDF), Blue Mound, Illinois
Written Agreement dated August 1, 2012

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

LegacyTexas Group, Inc., Plano, Texas; LegacyTexas Bank, Plano, Texas 
Written Agreement dated August 18, 2009
Terminated August 1, 2012

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Last Update: August 07, 2012