Fed Action Against Georgia Holding Company

The Federal Reserve issued enforcement actions Tuesday against Community Financial Holding Co., a registered bank holding company in Duluth, Ga.

Community Financial owns and controls the $504.6 million-asset Gwinnett Community Bank and two nonbank subsidiaries.

According to the written agreement with the Fed, Community Financial cannot directly or indirectly take dividends or any other form of payment representing a reduction in capital from its bank.

Community Financial also must submit to Fed officials a written plan to maintain sufficient capital.

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