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Federal Reserve Board issues enforcement action with Christopher Watkins and termination of enforcement action with Orient Bancorporation and Bank of the Orient

Release Date: August 23, 2016

For release at 11:00 a.m. EDT

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

Christopher Watkins (PDF), a former institution-affiliated party of Central State Bank (now known as CBI Bank & Trust), Muscatine, Iowa Cease and Desist Order dated August 19, 2016

The Federal Reserve Board also announced the termination of the enforcement action listed below:

Orient Bancorporation and Bank of the Orient, both of San Francisco, California Written Agreement dated November 16, 2010 Terminated August 18, 2016

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