Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch

Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch

The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: SouthPoint Bancshares, Inc., Birmingham, Alaba Official websites use .govA .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPSA lock (LockLocked padlock icon) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites. The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

For release at 11:00 a.m. EDT Share The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: The Federal Reserve Board also announced the termination of the enforcement action listed below: Deutsche Bank AG, Frankfurt am Main, Germany, DB USA Corporation, New York, New York, and Deutsche Bank AG New York Branch, New York, New York Cease and Desist Order dated April 20, 2017 (PDF) Terminated August 13, 2026 For media inquiries, please email [email protected] or call 202-452-2955.