February 02, 2016

Federal Reserve Board announces termination of enforcement actions

For release at 11:00 a.m. EST

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

Asian Financial Corporation and Asian Bank, both of Philadelphia, Pennsylvania
Order to Cease and Desist issued August 1, 2012
Terminated January 19, 2016

New Peoples Bankshares, Inc. and New Peoples Bank, Inc., both of Honaker, Virginia
Written Agreement issued July 29, 2010
Terminated January 20, 2016

Severn Bancorp, Inc., Annapolis, Maryland
Supervisory Agreement issued by the Office of Thrift Supervision dated November 29, 2009
Terminated January 21, 2016

Northern States Financial Corporation, Waukegan, Illinois
Written Agreement issued March 17, 2011
Terminated January 22, 2016

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Last Update: February 02, 2016