trending Market Intelligence /marketintelligence/en/news-insights/trending/0JWL2i6UI5sQxK552FBuLA2 content esgSubNav
In This List

Fed terminates enforcement action against Virginia's Highlands Bankshares, unit

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Fed terminates enforcement action against Virginia's Highlands Bankshares, unit

The Federal Reserve Board terminated its Oct. 13, 2010, enforcement action against Abingdon, Va.-based Highlands Bankshares Inc. and unit Highlands Union Bank.

Among other things, the board of Highlands Bankshares was ordered to take appropriate steps to fully utilize the company's financial and managerial resources to serve as a source of strength to the bank. The bank's board was also ordered to submit a written plan to strengthen board oversight of the management and operations of the bank.