Enforcement actions - Announcements - United States Federal Reserve Board

Federal Reserve Bulletin, March, 2003

The Federal Reserve Board on January 23, 2003, announced the issuance of an order of assessment of a civil money penalty against The Bank of Yellville, Yellville, Arkansas, a state member bank.

The Bank of Yellville, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.

The order requires The Bank of Yellville to pay a civil money penalty of $1,750, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.

The Federal Reserve Board on January 23, 2003, announced the issuance of an order of assessment of a civil money penalty against the Central State Bank, Calera, Alabama, a state member bank.

The Central State Bank, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.

The order requires the Central State Bank to pay a civil money penalty of $2,000, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.

The Federal Reserve Board on January 23, 2003, announced the issuance of an order of assessment of a civil money penalty against the La Salle State Bank, La Salle, Illinois, a state member bank.

The La Salle State Bank, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.

The order requires the La Salle State Bank to pay a civil money penalty of $3,150, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.

The Federal Reserve Board on January 23, 2003, announced the issuance of an order of assessment of a civil money penalty against the Simmons First Bank of Russellville, Russellville, Arkansas, a state member bank.

The Simmons First Bank of Russellville, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.

The order requires the Simmons First Bank of Russellville to pay a civil money penalty of $1,500, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.

The Federal Reserve Board on February 5, 2003, announced the execution of a written agreement by and between Premier Financial Bancorp, Inc., Huntington, West Virginia, and the Federal Reserve Bank of Cleveland.