January 19, 2016

Federal Reserve Board announces termination of enforcement actions with Flagship Financial Group, Inc., and Prospect Financial Corporation

For release at 11:00 a.m. EST

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

Flagship Financial Group, Inc., Eden Prairie, Minnesota
Written Agreement issued August 19, 2011
Terminated January 14, 2016

Prospect Financial Corporation, Warwick, Rhode Island
Supervisory Agreement issued by the Office of Thrift Supervision dated October 6, 2010
Terminated January 14, 2016

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Last Update: January 19, 2016