# New Century Bancorp, Southfield, MI and New Century Bank, Southfield, MI — Federal Reserve enforcement actions against banks and holding companies: action type, effective date and whether it has been terminated

For New Century Bancorp, Southfield, MI and New Century Bank, Southfield, MI, action is Written Agreement; effective date is 2000-07-13; termination date is 2002-03-28; board document is /boarddocs/press/enforcement/2000/20000721/default.htm; document type is Press Release, verified against its source on 2026-08-11.

- **Banking organisation:** New Century Bancorp, Southfield, MI and New Century Bank, Southfield, MI _(verified: appears in the quote below)_
- **Action:** Written Agreement _(verified: appears in the quote below)_
- **Effective date:** 2000-07-13 _(verified: appears in the quote below)_
- **Termination date:** 2002-03-28 _(verified: appears in the quote below)_
- **Board document:** /boarddocs/press/enforcement/2000/20000721/default.htm _(verified: appears in the quote below)_
- **Document type:** Press Release _(verified: appears in the quote below)_

## What the source says

> 2000-07-13,2002-03-28,,,"New Century Bancorp, Southfield, MI and New Century Bank, Southfield, MI",Written Agreement,/boarddocs/press/enforcement/2000/20000721/default.htm,Press Release,

## Source

- https://www.federalreserve.gov/supervisionreg/files/enforcementactions.csv

Last verified: 2026-08-11. Review by: 2026-09-01.
Part of [Federal Reserve enforcement actions against banks and holding companies: action type, effective date and whether it has been terminated](https://referencesource.org/bank-enforcement-actions/).