October 07, 2021

Federal Reserve Board issues enforcement actions with Pioneer Bank and former employee of Pacific Premier Bank

For release at 11:00 a.m. EDT

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

Pioneer Bank, Mapleton, Minnesota
Flood insurance violations; civil money penalty
Consent Order, dated October 5, 2021

Prohibition and restitution against Mai Ly-Vu
Former employee of Pacific Premier Bank, Irvine, California
Improper involvement and personal financial interests in extensions of credit by the bank

Enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Note: On October 8, 2021, the final decision document regarding the enforcement action against Mai Ly-Vu was added.

Last Update: October 08, 2021