Federal Reserve Board announces enforcement actions against two banks

Thursday, May 8, 2025
Michelle W. Bowman Member | Board Of Governors Of The Federal Reserve System
Federal Reserve Board announces enforcement actions against two banks

The Federal Reserve Board has announced enforcement actions against Frankewing Bancshares, Inc. and Bank of Hawaii.

Frankewing Bancshares, based in Frankewing, Tennessee, is subject to a Cease and Desist Order dated February 20, 2025. Meanwhile, the Bank of Hawaii in Honolulu faces penalties for flood insurance violations as outlined in an order dated February 24, 2025.

These measures are part of the Federal Reserve's ongoing regulatory oversight efforts. Further details on additional enforcement actions can be accessed through their official resources.

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