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Fed lifts C&D order against former Andrews, Texas-based Commercial State Bank

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Fed lifts C&D order against former Andrews, Texas-based Commercial State Bank

The Federal Reserve on March 18 terminated its cease and desist order against Andrews, Texas-based Commercial State Bank, which was acquired by College Station, Texas-based American Momentum Bank in January.

The cease and desist order was issued Dec. 26, 2018, and was tied to Commercial State's Bank Secrecy Act and anti-money laundering compliance.