Open Bank Announces the Termination of Its Cease and Desist Orders

Open Bank (OTCBB:OPBK), a community bank headquartered in Los Angeles, today announced that the Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Institutions (DFI) have issued an order terminating the Order to Cease and Desist they had issued against First Standard Bank, now known as Open Bank, on February 7, 2008 and August 5, 2009. "We are very pleased that the Orders have been terminated and that our efforts to comply with the Orders have been recog...continued OPBK

URL: http://www.investorpoint.com/news/OTCBULLB/47888442/