NEW ORLEANS - Hibernia Corp. said Tuesday that the Office of the Comptroller of the Currency terminated a July 1991 consent order with Hibernia National Bank because of improved financial condition and performance.
The consent order was designed to increase capital, liquidity, asset quality, and profitability at the bank. The company, which recapitalized itself last year, said no other OCC enforcement actions against Hibernia remain in effect.
Another 1991 agreement, between Hibernia National Bank and the Federal Reserve Bank of Atlanta, is currently being reviewed by that agency, the company said.
