Fed Terminates Two Written Agreements

The Federal Reserve Board has lifted written agreements it had with two banks.

The Fed had reached the agreements in 2010 with America's Community Bank in Blue Springs, Mo., and First Capital West Bankshares in Laramie, Wyo.

The November 2010 agreement with the $28.3 million-asset America's Community required the bank to draft a better credit risk management and a succession plan for managers and directors.

The bank has lowered nonperforming assets to just 0.32% of total assets at June 30. It is also well capitalized with a total risk-based capital ratio of 16.8%.

First Capital West entered into its written agreement with the Fed in June 2010. The agreement barred the company from paying dividends or incurring debt without Fed approval. The company's $167 million-asset First National Bank of Wyoming was well-capitalized with a total risk-based capital ratio of nearly 20% at June 30.