Nine TARP banks penalized by FDIC in July – News

Nine TARP banks penalized by FDIC in July – News

Nine banks that received TARP aid through the Capital Purchase Program were sanctioned by the Federal Deposit Insurance Corp. in July for violating bank standards, according to the agency’s monthly release of enforcement actions today.

The banks include:

CB&S Bank, Inc., Russellville, Ala.
(CBS Banc-Corp)

Metro United Bank, San Diego, Calif.
(MetroCorp Bancshares Inc.)

TIB Bank, Naples, Fla.
(TIB Financial Corp)

Pinnacle Bank, Orange City, Fla.
(Pinnacle Bank Holding Co.)

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