Order to Cease and Desist Issued to Vertex Target Bank d/b/a Vertext Target Bank d/b/a vertextargetonline.com

Atlanta, Georgia - Today, the Department of Banking and Finance, State of Georgia ("Department") issued an Order to Cease and Desist to Vertex Target Bank d/b/a Vertext Target Bank d/b/a vertextargetonline.com. (Collectively, "Vertex Target Bank") . It is unlawful to conduct and/or be affiliated with a banking business in Georgia without a bank charter. The Department has no record of Vertex Target Bank and has not approved this entity to organize a bank and/or conduct a banking business in or from Georgia.

The terms of the Order include the following:

• Immediately Cease and Desist from claiming to be a bank, in any form, including any internet website, marketing material, signage, correspondence, and/or legal documentation that could reach Georgia consumers.
• Immediately Cease and Desist from claiming to be a bank, in any form, including any internet website, marketing material, signage, correspondence, and/or legal documentation originating from within this State.
• Immediately Cease and Desist from providing any financial products or services to the citizens of Georgia by any delivery system, including the internet, while using the word "bank" or any derivative thereof without the written authorization of the Department.
• Immediately Cease and Desist from providing any financial products or services from within this State by any delivery system, including the internet, while using the word "bank" or any derivative thereof without the written authorization of the Department.
• Immediately Cease and Desist from engaging in the business of banking from within the State of Georgia and/or into the State of Georgia.

Contact:

Mathew Robinson

Director for Supervision

Phone: (770) 986-1627

E-mail: [email protected]