Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: Bill Ounce who wrote (466)	11/18/1997 12:22:00 PM
From: Bill Ounce	Read Replies (4) of 9818

Regulators take action against bank for year 2000 delay Copyright ) 1997 Nando.net Copyright ) 1997 The Associated Press WASHINGTON (November 17, 1997 7:59 p.m. EST nando.net) -- Federal and state regulators have taken their first action against a bank for falling behind in its efforts to deal with the year 2000 computer problem. In a joint action Monday by three regulatory agencies, Putnam-Greene Financial Corp. of Eatonton, Ga., and its three subsidiary Georgia banks were ordered to have the necessary computer hardware and software in place by Dec. 31. [...] The action was taken by the Federal Reserve Board, which regulates bank holding companies, the Federal Deposit Insurance Corp. and the Georgia Department of Banking and Finance. [...]

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