The Federal Reserve Board issued a new enforcement action against Small Business Bank, the Federal Reserve announced.

In the same release, the Federal Reserve said it was terminating four existing enforcement actions. Those closures cover three BNP Paribas entities and one additional institution. Specifically, the Federal Reserve confirmed the end of actions against BNP Paribas S.A., BNP Paribas USA, Inc., and BNP Paribas Securities Corp. The fourth termination applies to Community Bankshares, Inc.

The Federal Reserve did not release additional details about the grounds for the new action against Small Business Bank or the reasons the four prior actions were brought to a close. The board's announcement confirms that the proceedings against the three BNP Paribas affiliates and Community Bankshares, Inc. are no longer in effect.