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Fed terminates enforcement actions on Markesan State Bank, Banco Espírito Santo

Nov 20, 2019 - SNL Financial

The Fed terminated its enforcement action on Markesan State Bank on Nov. 6, while it terminated the enforcement action on Banco Espírito Santo on Nov. 13.

The Federal Reserve Board of Governors on Nov. 6 terminated its enforcement action on Wisconsin-based Markesan State Bank.

The enforcement action required the bank and its board to submit plans on improving board oversight and internal controls for the segregation of duties across operations. The order also required the bank to su...