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

For New Century bank, Shelby Township, MI, action is Prompt Corrective Action; effective date is 2002-03-06; termination date is 2002-03-28; board document is /boarddocs/press/enforcement/2002/20020308/default.htm; document type is Press Release, verified against its source on 2026-08-11.

- **Banking organisation:** New Century bank, Shelby Township, MI _(verified: appears in the quote below)_
- **Action:** Prompt Corrective Action _(verified: appears in the quote below)_
- **Effective date:** 2002-03-06 _(verified: appears in the quote below)_
- **Termination date:** 2002-03-28 _(verified: appears in the quote below)_
- **Board document:** /boarddocs/press/enforcement/2002/20020308/default.htm _(verified: appears in the quote below)_
- **Document type:** Press Release _(verified: appears in the quote below)_

## What the source says

> 2002-03-06,2002-03-28,,,"New Century bank, Shelby Township, MI",Prompt Corrective Action,/boarddocs/press/enforcement/2002/20020308/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/).