Centrue Financial in Ottawa, Ill., has been released from an enforcement action that had prohibited the company from paying dividends without regulatory approval.
The Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation on Thursday terminated their written agreement with the $961 million-asset Centrue, according to a regulatory filing.
The December 2009 written agreement had required Centrue to strengthen its credit risk management, improve loan underwriting and administration, improve asset quality, review and revise its policy on loan and lease losses, maintain sufficient capital and take other steps.
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Centrue Financial in Ottawa, Ill., has agreed to sell three branches in Illinois.
January 27 -
Centrue Financial in Ottawa, Ill., has named a new chairman, after its longtime chairman resigned for health reasons.
November 13 -
The $22 billion-asset Winstrust said in a press release Thursday that it will pay $30 million in cash for the parent of the $125 million-asset Foundations Bank.
January 14
Within the past four months Centrue has announced plans to
