Daily Market Updates: Federal Reserve ends enforcement actions tied to multiple banks

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Federal Reserve ends enforcement actions tied to multiple banks

Reported · Written up by our desk · Economy

The Federal Reserve Board said it has terminated an enforcement action involving SNB Bancshares and Bank of Eufaula, according to an agency release.

The central bank also announced it is terminating enforcement actions connected to United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.

The releases did not provide additional details about the underlying actions beyond naming the affected institutions.

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Sources

Federal ReserveFederal Reserve Board announces termination of enforcement action with SNB Bancshares and Bank of Eufaula

Federal ReserveFederal Reserve Board announces termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.

Bonds & Rates

Federal Reserve ends enforcement actions tied to multiple banks

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