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Fed cites Kentucky bank for safety, soundness issues in enforcement action
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Banking, Financial Stability, Industry Regulation, Securitization
Friday, February 23, 2024
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The Federal Reserve recently entered into a written agreement with Peoples-Marion Bancorp, Inc. Through a partnership with the Kentucky Department of Financial Institutions (KDFI), the Fed ordered the company to address multiple deficiencies related to the institution’s safety and soundness and remediating apparent legal and/or regulatory violations.
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