The Federal Reserve Board on Thursday announced a new enforcement action involving SouthPoint Bancshares, Inc., Birmingham, Alabama. The action is a written agreement dated August 14, 2026.

Written agreements are among the Federal Reserve's most common enforcement tools: publicly released resolutions in which a banking organization agrees to corrective steps, typically without a monetary penalty, which the Board announces separately when imposed. The Board's announcement did not describe the provisions of the SouthPoint agreement; the document itself is available through the Board's public enforcement actions materials. The same announcement spanning a Birmingham, Alabama, company and one of Europe's largest banks is a routine illustration of how the Board's enforcement docket covers institutions of all sizes.

The Board also announced the termination of an enforcement action involving 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. The terminated action was a cease and desist order dated April 20, 2017. The Board said the order was terminated on August 13, 2026, meaning the 2017 order is no longer in effect. The Board does not customarily state its reasons when terminating enforcement actions, and it did not do so here. When it issued the April 2017 order, the Board cited deficiencies in Bank Secrecy Act and anti-money-laundering compliance and announced the order together with a civil money penalty. Deutsche Bank AG, headquartered in Frankfurt am Main, is one of Germany's largest banks, and DB USA Corporation and the New York Branch anchor its U.S. operations, which have been the subject of more than one Federal Reserve enforcement action in recent years, including a 2015 action over sanctions-related violations.

Additional enforcement actions may be searched for here.

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