The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)
![The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](/content/images/size/w1200/2023/09/1---Copy--11-.png)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/z2hma1jmerib1.png?width=827&format=png&auto=webp&s=ceb2ceec86ce585c4f2a7357b8404fc7ecf28040)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/anohqqfperib1.png?width=896&format=png&auto=webp&s=5a646909f4168f52643923f98b393ff009c66f57)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/6kgr0v7rerib1.png?width=887&format=png&auto=webp&s=36e99915b1aafa00a96625d606c4ba60e730e09c)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/8yickkfverib1.png?width=876&format=png&auto=webp&s=b7eaf2ee9eae14d31973d9e5aaa363a8bd8d874c)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/kkiveizhfrib1.png?width=881&format=png&auto=webp&s=97167c12228d412a14d181636228f784479c5ff9)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/z76wuuckfrib1.png?width=847&format=png&auto=webp&s=655f07c2158369dd5f4b0c9c577150ae3bd41748)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/0wokodlmfrib1.png?width=908&format=png&auto=webp&s=2600db33d1cb2c54863f02aa9892c4e15b960ce3)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/zeq4ozfofrib1.png?width=877&format=png&auto=webp&s=27007f3b62a3dae15e0e3c48e69a7e264c5ac4a2)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/0botpf0qfrib1.png?width=915&format=png&auto=webp&s=95c0b9aaacc59842e1e007dc2b2d0cebb87e6c28)
" Federal prosecutors have seized $50 million from the one-branch Farmington State Bank that they allege in court records were deposited there as part of FTX founder Sam Bankman-Friedโs wide-ranging scheme to defraud investors through his massive cryptocurrency exchange business. "
https://www.spokesman.com/stories/2023/jan/24/feds-seize-50-million-from-farmington-state-bank-t/
Who is Farmington State Bank?
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/cla6tbx9grib1.png?width=762&format=png&auto=webp&s=e403b0542a7a01e93a29168abbad50110822c559)
FTX Ties to Farmington State Bank in US Are Probed
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/xk92c6ligrib1.png?width=831&format=png&auto=webp&s=30c38f2af33c156571cc80eef38330072d7baffb)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/evisog5ngrib1.png?width=723&format=png&auto=webp&s=7f5bc4faa99b24153111c83a28cb4d0d63e2ca88)
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/3s7mcin2hrib1.png?width=1175&format=png&auto=webp&s=2e0e06c755e428277d43d4f2c2ec9c6f3663d3db)
TLDRS:
The Fed has slapped a cease-and desist order on the small, rural bank in Washington state with ties to FTX.
- Farmington State Bank and its holding company FBH Corp. received a cease-and-desist Thursday for violating commitments to state and federal regulators, by engaging in digital asset activity.
- Farmington and FBH will voluntary liquidate.
- Alameda, (the hedge fund arm of FTX) invested $11.5 million in Farmington and had a stake.
![r/Superstonk - Federal Reserve Alert! The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)](https://preview.redd.it/zqhspthvhrib1.png?width=610&format=png&auto=webp&s=647d0e9e4425f4160a23e89c44ce6da8530b250b)