Federal Reserve Board ends three enforcement actions against Kansas-based Gardner Bancshares and Small Business Bank
19 October 2026
The Federal Reserve Board announced the termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank, both of Lenexa, Kansas.
Three actions were terminated, all effective October 13, 2026.
They were a Cease and Desist Order dated September 1, 2023 against Gardner Bancshares and Small Business Bank, a Cease and Desist Order dated November 13, 2024 against Small Business Bank, and a Prompt Corrective Action dated June 29, 2026 against Small Business Bank.
The release was published on October 16, 2026.
The Federal Reserve Board supervises bank holding companies and state member banks in the United States.
In plain words
Prompt Corrective Action Prompt Corrective Action — A supervisory framework that forces restrictions on a bank as its capital falls below set levels.