Federal Reserve Takes Enforcement Action Against SouthPoint Bancshares, Ends Actions Against Deutsche Bank Entities

The Federal Reserve Board announced on August 20, 2026, the execution of a written agreement with SouthPoint Bancshares, Inc., Birmingham, Alabama, dated August 14, 2026. The board also terminated a cease-and-desist order issued to Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch on April 20, 2017, effective August 13, 2026. The announcements detail regulatory actions and resolutions related to banking institutions. The Fed emphasized its role in ensuring compliance with financial regulations. Additional enforcement actions are available for review through the Federal Reserve’s public database.

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