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.
Federal Reserve Board 2025-03-20
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.