Brief: Unity Bancorp Says On July 6, Unity Bank Executed Stipulation & Consent To Issuance Of Consent Order Countersigned By FDIC On July 8

Unity Bancorp

14/07/2020 19:58

July 14 (Reuters) - Unity Bancorp Inc  UNTY.O :
    * UNITY BANCORP - ON JULY 6, UNITY BANK EXECUTED STIPULATION
AND
CONSENT TO ISSUANCE OF CONSENT ORDER COUNTERSIGNED BY FDIC ON
JULY 8
    * UNITY BANCORP - CONSENT ORDER REQUIRES BANK TO STRENGTHEN
BANK
SECRECY ACT/ANTI-MONEY LAUNDERING PROGRAM, & TO ADDRESS OTHER
RELATED MATTERS
    * UNITY BANCORP - CURRENTLY ESTIMATES THAT COSTS TO COMPLY
WITH
CONSENT ORDER WILL APPROXIMATE $1.8 MILLION

Source text: (https://bit.ly/2OozsYP)
Further company coverage:  UNTY.O 

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