The Federal Reserve Bank of Chicago has brought an enforcement action against First DuPage Bancorp Inc. of Westmont, Ill., the Federal Reserve Board said.
First, DuPage must not declare any dividends or make any distributions of interest or principal on subordinated debentures or trust-preferred securities without permission from the Chicago Fed and the Fed's supervision director.
The bank is also barred from increasing its debt or taking dividends or any other form of payment that would reduce its capital without prior approval of the Chicago Fed.
Each provision of the agreement remains in force until it is suspended in writing by the Chicago Fed.
