September 18th 2026, 3:00 PM
Fed Ends Enforcement Action Against SNB Bancshares and Bank of Eufaula
Key Summary
The Federal Reserve Board has terminated an enforcement action against SNB Bancshares, Inc. and Bank of Eufaula, following a written agreement, marking a resolution to the action taken in August 2024. The decision reflects the Fed's efforts to modernize Regulation O and improve financial stability.
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Official Statement
The Federal Reserve Board announced the termination of the enforcement action listed below: SNB Bancshares, Inc., Eufaula, Oklahoma, and Bank of Eufaula, Eufaula, Oklahoma.Written Agreement
A written agreement dated August 7, 2024, has been reached between the parties.Termination Date
The enforcement action was terminated on September 3, 2026.Additional Enforcement Actions
Additional enforcement actions can be searched for here.Media Inquiries
For media inquiries, please email [email protected] or call 202-452-2955.Contact Information
The Federal Reserve Board can be reached at 20th Street and Constitution Avenue N.W., Washington, DC 20551.#FederalReserve#US#Crypto#SEC