March 01, 2016

Federal Reserve Board issues enforcement action with Industrial Bank of Korea, and announces termination of enforcement actions with CSRA Bank Corp., and FMB Equibanc, Inc.

For release at 11:00 a.m. EST

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

Industrial Bank of Korea (PDF), Seoul, Korea, and Industrial Bank of Korea New York Branch, New York, New York
Written Agreement dated February 24, 2016

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

CSRA Bank Corp., Wrens, Georgia
Written Agreement dated August 19, 2010
Terminated January 20, 2016

FMB Equibanc, Inc., Statesboro, Georgia
Written Agreement dated April 23, 2010
Terminated February 25, 2016

Search of Federal Reserve enforcement actions.

For media inquiries, call 202-452-2955.

Last Update: March 01, 2016