The Office of the Comptroller of the Currency announced on 20 February 2025 that it had entered into a formal agreement with Dearborn Federal Savings Bank, headquartered in Dearborn, Michigan, for unsafe or unsound practices, including those related to compliance management, fair lending risk management, insider activities, and compensation practices. The action also covered recordkeeping violations.
The Dearborn FSB action was announced as part of the same February 2025 OCC enforcement release that included a separate formal agreement with Patriot Bank of Connecticut, along with six individual prohibition orders.