ROCHESTER, N.Y. -- FNB Rochester Corp. said the Federal Reserve Bank of New York has served notice that a consent order issued on June 9, 1992, has been terminated.
The company's subsidiary, the $290 million-asset First National Bank of Rochester, was also operating under a similar order from the Office. of the Comptroller of the Currency, which was terminated on March 7.
"Real progress has been made and it is most gratifying for all of us at First National to receive this formal acknowledgment of our efforts," said R. Carlos Carballada, president and chief executive officer of the bank and holding company. "I believe that we emerge a stronger organization, much better able to serve the needs of our friends and neighbors."
