A unit of Citizens Community Bancorp (CZWI) in Eau Claire, Wis., has shed its enforcement order with the Office of the Comptroller of the Currency.

The company announced Friday that regulators have terminated a 2009 memorandum of understanding requiring its Citizens Community Federal Bank unit to improve its risk-management and lending practices and maintain Tier 1 capital of 8% and risk-based capital of 10%. At the end of 2012, the bank held Tier 1 capital of 9.95% and risk-based capital of 15.64%, according to the Federal Deposit Insurance Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.