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Federal Reserve issues enforcement action against Small Business Bank, ends actions against BNP Paribas and Community Bankshares

The Federal Reserve Board announced an enforcement action with Small Business Bank and terminated actions against BNP Paribas entities and Community Bankshares.

Federal Reserve issues enforcement action against Small Business Bank, ends actions against BNP Paribas and Community Bankshares
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The Federal Reserve Board on Thursday issued an enforcement action against Small Business Bank, according to a press release.

The board also announced the termination of enforcement actions with BNP Paribas S.A., BNP Paribas USA, Inc., BNP Paribas Securities Corp., and Community Bankshares, Inc.

Details of the enforcement action and the reasons for termination were not provided in the release.

Source: Board of Governors of the Federal Reserve System

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