Federal Reserve Ends Enforcement Action with Allegiant United, Nano Banc

The Federal Reserve Board announced on November 5, 2026, that it has terminated its enforcement action involving Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc. This decision concludes a regulatory process that began with a written agreement in February 2021 and escalated to a consent cease-and-desist order in January 2022. The Federal Reserve's oversight of Allegiant United Holdings, Nano Financial Holdings, and Nano Banc began with a February 24, 2021, written agreement with the Federal Reserve Bank of San Francisco. This agreement required the companies to address corporate governance, board and management structures, and staffing, as well as to submit a capital-maintenance plan within 60 days.

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