Federal Reserve Board – Enforcement Action Update

Federal Reserve Board issues enforcement action with Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc, and announces termination of enforcement actions with Iowa Prairie Bank and Mariner’s Bancorp

Washington, DC (STL.News) The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

Allegiant United Holdings, LLC, Irvine, California; Nano Financial Holdings, Inc., Irvine, California; and Nano Banc, Irvine, California
Cease and Desist Order dated January 18, 2022

The Federal Reserve Board also announced the termination of the enforcement actions listed below:

Iowa Prairie Bank, Brunsville, Iowa – Written Agreement dated April 20, 2021 (PDF) – Terminated January 4, 2022
Mariner’s Bancorp, Edgewater, New Jersey – Written Agreement dated May 25, 2012 (PDF) -Terminated January 6, 2022

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