Government

Fed Issues Cease and Desist Against FSB Bancorp 

The Federal Reserve Board on Friday announced it had issued a cease and desist order against Altus, Okla.-based FSB Bancorp Inc. According to the order, FSB Bancorp failed to timely file required regulatory reports and notices, including a report on changes in organizational structure, engaged in banking activities not compliant with regulatory requirements for financial holding companies, and violated section