Federal Reserve Board issues enforcement action against Lineage Financial Network and announces termination of enforcement actions with National Bank of Pakistan and National Bank of Pakistan New York Branch
EST
The Federal Reserve Board on Thursday announced an
enforcement action against Lineage Financial Network, of Franklin,
Tennessee.
The Board's action is with Lineage Financial
Network, the bank holding company of Lineage Bank. The Federal Deposit
Insurance Corporation, which is the primary supervisor of Lineage
Bank, separately issued an enforcement action with Lineage Bank in
January 2024. The Board's enforcement action against Lineage Financial
Network is independent of the bankruptcy proceedings regarding Synapse
Financial Technologies, Inc.
Also on Thursday, the Board
announced the termination of the enforcement actions listed below:
National Bank of Pakistan, Karachi, Pakistan, and National
Bank of Pakistan New York Branch, New York, New York Cease and
Desist Order dated February 22, 2022 (PDF) Terminated December 2,
2024
National Bank of Pakistan, Karachi, Pakistan, and
National Bank of Pakistan New York Branch, New York, New York
Written Agreement dated March 14, 2016 (PDF) Terminated December 17,
2024
Additional enforcement actions can be searched for
here.
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or call 202-452-2955. Last Update: December 19, 2024