OCC Announces Enforcement Actions for June 2025 — 2025-06-18

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against banks are: Formal Agreement with Carver Federal Savings Bank, New York, New York, for unsafe or unsound practices, including those related to strategic planning and earnings performance. (Docket No. AA-NE-2025-18) Formal Agreement with Sterling Federal Bank, FSB, Sterling, Illinois, for unsafe or unsound practices, including those related to strategic planning, capital planning, credit administration, and liquidity risk management. (Docket No.