Federal ReserveWritten Agreementmedium

SouthPoint Bancshares, Inc.

Birmingham, Alabama

, based in Birmingham, Alabama. The agreement was dated Aug 14, 2026, and announced publicly on Aug 20, 2026. The same press release disclosed the termination of a separate enforcement action against Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch.

That cease and desist order, originally issued on Apr 20, 2017, was terminated on Aug 13, 2026. The specific terms of the SouthPoint Written Agreement were not disclosed in the announcement. An attachment containing the agreement was published alongside the press release.

Implications
  1. Enforcement activity against bank holding companies signals continued regulatory scrutiny of banking organizations, relevant to BaaS sponsor bank oversight
  2. BaaS participants should monitor whether SouthPoint Bancshares has any fintech partnerships that could be affected by the agreement's terms
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