trending Market Intelligence /marketintelligence/en/news-insights/trending/0JWL2i6UI5sQxK552FBuLA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

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

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks

Blog

Banking Essentials Newsletter - April Edition


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.