Fed lifts its 2024 agreement with Oklahoma's Bank of Eufaula
The Federal Reserve has ended its 2024 written agreement with SNB Bancshares and its subsidiary, Bank of Eufaula, both of Eufaula, Okla. The agreement, dated Aug. 7, 2024, was terminated Sept. 3; the Fed's notice does not describe what it required. Earlier this year the Fed took separate actions against two people connected to the bank: a June 18 order barring one from banking and assessing a civil money penalty, and a June 25 cease-and-desist order against the other.
The wall: agreement terms; cause
Tier: Confirmed (names omitted)
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