Federal Reserve Takes Enforcement Actions Against Herring Bancorp, Quontic Bank Acquisition, and Quontic Bank Holdings

Federal Reserve

The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below:

Herring Bancorp, Inc., Amarillo, Texas

Cease and Desist Order dated June 29, 2023

Quontic Bank Acquisition Corp., Astoria, New York, and Quontic Bank Holdings Corp., Astoria, New York

Written Agreement dated July 5, 2023

Additional enforcement actions can be searched for here.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.