Banks issued a cease and desist order by the state finance department

Cash Finance Bank of Georgia, Trusteeship Financial Bank and Norse Financial Bank have all received cease and desist orders.

To free:

The State of Georgia Department of Banking and Finance (“Department”) has issued a cease and desist order to Cash Finance Bank of Georgia d/b/a cfbog.onlinebankingeweb.com and Fred Williams. It is illegal to conduct and/or be affiliated with a banking business in Georgia without a banking charter. It is also illegal to use the words “bank” and/or “trust” in an entity’s name without Department approval. The Department has no record of Cash Finance Bank of Georgia and has not approved this entity to organize a bank and/or conduct banking business in Georgia or from Georgia. Further, the Department has not granted Cash Finance Bank of Georgia permission to use “bank” or “trust” in its name.

The Georgia Department of Banking and Finance (“Department”) has issued a Cease and Desist Order of Trusteeship Financial Bank d/b/a Trustee Bank d/b/a trusteeshipfinancials.com. It is illegal to conduct and/or be affiliated with a banking business in Georgia without a banking charter. It is also illegal to use the words “bank” and/or “trust” in an entity’s name without Department approval. The Department has no record of Trusteeship Financial Bank and has not approved this entity to organize a bank and/or conduct banking business in or from Georgia. Further, Commerce has not granted Trusteeship Financial Bank permission to use “bank” or “trust” in its name.

The Georgia Department of Banking and Finance (“Department”) has issued a cease and desist order to Norse Financial Bank d/b/a norsefinancials.com. It is illegal to conduct and/or be affiliated with a banking business in Georgia without a banking charter. It is also illegal to use the words “bank” and/or “trust” in an entity’s name without Department approval. The Department has no record of Norse Financial Bank and has not authorized that entity to organize a bank and/or conduct banking business in or from Georgia. Further, Commerce has not granted Norse Financial Bank permission to use “bank” or “trust” in its name.

The terms of the Order include the following:

• Immediately cease and refrain from using “bank”, “trust” or any derivative thereof on its behalf in any form, including any Internet website, marketing materials, signage, correspondence and/or legal documentation that could reach Georgian consumers without written authorization from the Department.

• Immediately cease and desist from using “bank”, “trust” or any derivative thereof on its behalf in any form, including any Internet website, marketing materials, signage, correspondence and/or legal documentation from that state without written authorization from the Department.

• Immediately cease and desist from impersonating a bank in any form, including any Internet website, marketing materials, signage, correspondence and/or legal documentation that may reach Georgia consumers.

• Immediately cease and desist from impersonating a bank in any form, including any Internet website, marketing materials, signage, correspondence and/or legal documentation originating from this state.

• Immediately cease and desist from providing financial products or services to citizens of Georgia through any delivery system, including the Internet, while using the word “bank”, “trust” or any derivative thereof without permission written by the Department.

• Immediately cease and desist from supplying financial products or services from this state through any delivery system, including the Internet, while using the word “bank”, “trust” or any derivative thereof without the written permission from the Department.

• Immediately cease and desist from conducting banking business from the State of Georgia and/or into the State of Georgia.