FEDERAL RESERVE BOARD ENFORCEMENT - FBH
On August 17, 2023 (11:00 AM EDT) the Federal Reserve Board issued a press release covering enforcement action with a bank and its holding company.
According to the article the enforcement action was against Farmington State Bank of Farmington Washington and "...its holding company, FBH Corporation..."
The reason for the enforcement was that "In 2022, Farmington impropoerly changed its business plan without notifying the bank's supervisors..."
To learn more and view the article you can go to the Federal Reserve site by using the following link: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20230817a.htm )