September 05, 2019

Federal Reserve Board issues enforcement action with First State Bank Nebraska and announces termination of enforcement action with American Express Bank International

For release at 11:00 a.m. EDT

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

First State Bank Nebraska, Lincoln, Nebraska
Flood insurance violation, civil money penalty, dated September 3, 2019

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

American Express Bank International (now known as Standard Chartered Bank International (Americas), Limited), Miami, Florida
Cease and Desist Order, dated August 3, 2007 (PDF)
Terminated August 27, 2019

After the enforcement action was issued in August 2007, Standard Chartered PLC, London, England, purchased American Express Bank International. After the acquisition, American Express Bank International was renamed Standard Chartered Bank International (Americas) Limited and remained subject to the action.

Additional enforcement actions can be searched for here.

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Last Update: September 05, 2019