Fed terminates enforcement action with FL bank holding company

A 2010 enforcement action with Optimumbank Holdings, Inc., of Fort Lauderdale, Fla., was terminated Sept. 11 by the Federal Reserve Board, the Fed said in a release Thursday.

The Fed said Optimumbank Holdings is a registered bank holding company that owns and controls OptimumBank, Plantation, Fla., and one nonbank subsidiary. The 2010 order directed the company to undertake measures to serve as a source of strength for the bank and to comply with regulatory provisions regarding senior executive staff and responsibilities.

Federal Reserve Board announces termination of enforcement action with Optimumbank Holdings, Inc.