Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch

What this means

A factual summary is pending editorial review. The complete official release is reproduced below with issuer attribution and a direct link to the original publication.

Official release

Source material from Federal Reserve. The wording below is the issuer’s statement.

Press Release

August 20, 2026

Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch

For release at 11:00 a.m. EDT

Share

The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below:

SouthPoint Bancshares, Inc., Birmingham, Alabama

Written Agreement dated August 14, 2026

The Federal Reserve Board also announced the termination of the enforcement action listed below:

Deutsche Bank AG, Frankfurt am Main, Germany, DB USA Corporation, New York, New York, and Deutsche Bank AG New York Branch, New York, New York

Cease and Desist Order dated April 20, 2017 (PDF)

Terminated August 13, 2026

Additional enforcement actions can be searched for here.

For media inquiries, please email [email protected] or call 202-452-2955.

Attachment (PDF)

Last Update:

August 20, 2026

Release text attributed to Federal Reserve. Consult the official publication for any subsequent corrections or updates.