ADVFN - Advanced Financial Network.
HOME» NASDAQ » F » FSGI Stock Price » FSGI Stock News

First Security Share News

 First Security Grp. (mm) Stock Price
FSGI Stock Price
 First Security Grp. (mm) Stock Chart
FSGI Stock Chart
 First Security Grp. (mm) Stock News
FSGI Stock News
 First Security Grp. (mm) Company Information
FSGI Company Information
 First Security Grp. (mm) Stock Trades
FSGI Stock Trades

Fed Issues Enforcement Actions Against Two Bank Holding Firms

WASHINGTON -(Dow Jones)- The U.S. Federal Reserve issued Tuesday enforcement actions against bank holding companies First Security Group, Inc. (FSGI) and Butte State Company, moves taken to maintain financial soundness at the firms, according to the Fed. According to the agreement, Tennessee-based First Security cannot declare or pay any dividends without prior written approval from the Fed. The firm, which owns and controls FSGBank, must also submit within 60 days a plan to maintain "sufficient capital" on a "consolidated basis," among other restrictions. Additionally, Butte State must adhere to similar guidelines. The Fed has called on the Nebraska-based financial firm to shore up its lending and credit administrative processes. Butte State must submit a plan to the Fed within 30 days of the issued agreement. Among other actions, Butte State must "take all necessary steps to elect a qualified outside director with banking or financial experience" to head its subsidiary, Butte State Bank. -By Darrell A. Hughes, Dow Jones Newswires; 202-862-6684; darrell.hughes@dowjones.com

Stock News for First Security (FSGI)
DateTimeHeadline
06/07/201309:18:16U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
09/14/201011:30:14Fed Issues Enforcement Actions Against Two Bank Holding Firms

First Security and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad