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Fed Issues Action Against Lineage Financial Separate from Synapse Case

Summary by PYMNTS.com
The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. The Fed said in a Thursday (Dec. 19) press release that the Federal Deposit Insurance Corporation (FDIC) separately issued an enforcement action with Lineage Bank in January and that the Fed’s enforcement action is independent of the bankruptcy proceedings regarding Synapse Financial…
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