WASHINGTON, DC – September 18, 2026 (STL.News) The Federal Reserve Board has terminated a two-year enforcement action against Bank of Eufaula and its parent company, SNB Bancshares Inc., closing an institutional regulatory action that required extensive reforms involving corporate governance, internal controls, lending, credit risk, and oversight at the Oklahoma bank. The Federal Reserve announced Friday that the Written Agreement originally entered into with the Eufaula, Oklahoma-based institutions on Aug. 7, 2024, was terminated effective Sept. 3, 2026. The Fed’s brief announcement did not explain specifically what corrective actions led regulators to terminate the agreement. The termination comes, however,
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