The Federal Reserve Board has terminated an enforcement order against Rosholt Bancorp in Wisconsin.
The $68 million-asset institution had been under the order since March 2011. The order had required the Rosholt, Wis., company to serve a source of strength for its Community First Bank. Those steps included a ban on paying dividends, reducing capital and buying back stock without Fed approval. Rosholt had also been required to provide yearly cash flow projections and was barred from making certain types of severance payments to former executives without regulatory approval.
Rosholt's Tier 1 risk-based capital ratio stood at 12.48% on June 30. The ratio was 11.3% on Dec. 31, 2010.
