Federal Reserve issues enforcement actions against two banks

Jerome H. Powell, Chair - Board Of Governors Of The Federal Reserve System
Jerome H. Powell, Chair - Board Of Governors Of The Federal Reserve System
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The Federal Reserve Board has announced enforcement actions involving Frankewing Bancshares, Inc. and Bank of Hawaii.

Frankewing Bancshares, located in Frankewing, Tennessee, is subject to a Cease and Desist Order dated February 20, 2025. This order indicates regulatory measures that the institution must adhere to.

Bank of Hawaii in Honolulu, Hawaii faces penalties related to flood insurance violations. The civil money penalty was issued on February 24, 2025.

Further details about these enforcement actions can be accessed through additional resources provided by the Federal Reserve Board.



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