The Federal Reserve Board announced it has executed a cease and desist order against Frankewing Bancshares, Inc. dated February 20, 2025, and assessed a civil money penalty against Bank of Hawaii for flood insurance violations dated February 24, 2025.
2025-03-20Federal Reserve Board
Federal Reserve Board executes cease and desist order for Frankewing Bancshares and issues civil money penalty to Bank of Hawaii for flood insurance violations
The Federal Reserve Board issued a cease and desist order against Frankewing Bancshares, Inc. and imposed a civil money penalty on Bank of Hawaii for flood insurance violations.