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7/25/24, 10:32 AM FRB: Press Release -- Prompt Corrective Action Directive against New Century Bank -- March 8, 2002 Release Date: March 8, 2002 For immediate release The Federal Reserve Board on Friday announced the issuance of a Prompt Corrective Action Directive against the New Century Bank, Shelby Township, Michigan. A copy of the Directive is attached. Attachment (188 KB PDF) 2002 Enforcement actions Home | News and events Accessibility Last update: March 8, 2002 https://www.federalreserve.gov/boarddocs/press/enforcement/2002/20020308/default.htm 1/1