Fed terminates crisis-era order with First Personal in Illinois

The Federal Reserve has terminated a written agreement with First Personal Financial in Orland Park, Ill., that had existed for more than six years.

The Fed said in a release Tuesday that it had freed the company last week from the November 2010 agreement.

The agreement had required First Personal to take steps to ensure that its $152 million-asset bank had complied with a consent order from the Federal Deposit Insurance Corp. and the Illinois Department of Financial and Professional Regulation. The consent order was lifted in June 2014.