Fed terminates nine-year cease-and-desist order against three BNP Paribas entities
The Federal Reserve Board said on July 2 that it had ended enforcement actions against three BNP Paribas units and Community Bankshares as of June 25, while announcing a new action against Small Business Bank.
The Federal Reserve Board announced on July 2, 2026 that it had terminated enforcement actions against four organisations and had taken a new enforcement action against Small Business Bank, according to an enforcement release published by the Board.
The terminations cover BNP Paribas S.A., based in Paris, France; BNP Paribas USA, Inc., of New York, New York; BNP Paribas Securities Corp., also of New York, New York; and Community Bankshares, Inc., of LaGrange, Georgia. In all four cases the Board gave June 25, 2026 as the termination date.
The measure applied jointly to the three BNP Paribas entities took the form of a cease-and-desist order and was issued on July 17, 2017, the Board said, meaning the order had been in force for roughly nine years before being lifted. Cease-and-desist orders are the instrument the Board uses to require a supervised organisation to halt specified practices and take corrective steps.
The action against Community Bankshares was also a cease-and-desist order, but had a far shorter life. It was issued on April 14, 2026 and terminated a little over two months later, according to the Board’s release.
Alongside the four terminations, the announcement included a new enforcement action against Small Business Bank. The Board publishes each of the underlying enforcement documents as a PDF attached to the release.
Enforcement announcements of this kind are the Board’s routine channel for disclosing both the opening and the closing of supervisory actions against banks, bank holding companies and their US affiliates, including the American arms of foreign banking groups such as BNP Paribas.