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The $506 million-asset Delaware County Bank & Trust Company was freed from a consent order issued by the Federal Deposit Insurance Corp and a written agreement with the Ohio Division of Financial Institutions.
October 4 -
DCB Financial Corp. (DCBF) said Thursday it completed a sale of common stock to existing shareholders and local investors that netted $13.2 million in funds.
December 7 -
DCB Financial Corp. in Lewis Center, Ohio, is closing a quarter of its branches and cutting 18% of its workforce in the next 90 days, according to a news report.
July 14 -
The $615.2 million-asset parent of Delaware County Bank and Trust is offering voluntary retirement packages under a plan to cut costs by $1 million.
November 11
DCB Financial (DCBF) in Lewis Center, Ohio, has been freed from a Federal Reserve Bank of Cleveland order.
DCB's 2010 memorandum of understanding was terminated Nov. 18, the $506 million-asset company said in a regulatory filing. The order had prevented DCB from paying dividends, incurring debt or repurchasing shares, the company said.
The Cleveland Fed lifted the order because DCB's financial condition has improved, the company said. DCB's banking unit, Delaware County Bank and Trust, reported profits of $214,000 through the first three quarters of this year, after a $4.7 million profit for the full year of 2012, according to data from the Federal Deposit Insurance Corp.
In October, the FDIC and the Ohio Division of Financial Services
DCB
