Federal Reserve Board announces termination of enforcement action with SNB Bancshares and Bank of Eufaula
The Federal Reserve Board announced it has ended an enforcement action involving SNB Bancshares, Inc. and its subsidiary Bank of Eufaula of Eufaula, Oklahoma. The agency terminated a written agreement that had been in place since August 7, 2024, effective September 3, 2026.
Why It Matters
Ending a Federal Reserve enforcement action signals regulatory closure of supervisory issues identified in the prior agreement and can affect the institutions' regulatory status and public transparency. The termination is part of the Fed's broader oversight record and is posted alongside other enforcement actions for public reference.
Key Facts
- Regulatory body: Federal Reserve Board
- Institutions involved: SNB Bancshares, Inc. and Bank of Eufaula (Eufaula, Oklahoma)
- Type of action: Written Agreement
- Original agreement date: August 7, 2024
- Termination effective date: September 3, 2026},{
The Federal Reserve Board announced on September 18, 2026 that it has terminated an enforcement action involving SNB Bancshares, Inc. and its subsidiary Bank of Eufaula, both based in Eufaula, Oklahoma. The action took the form of a written agreement that the Board originally executed on August 7, 2024.
According to the release, the written agreement was formally terminated on September 3, 2026. The Board posts such updates to keep the public informed about changes in the supervisory and enforcement status of banking organizations under its jurisdiction.
The Fed also notes that additional enforcement actions and their statuses can be found via its searchable enforcement actions database. The Board provided a media contact for inquiries related to the announcement.
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