Federal regulators have ordered a struggling New Orleans community bank to clean up its act.

The Federal Deposit Insurance Corp. ordered United Bank and Trust Co., a $31 million-asset state-chartered bank, to stop making "hazardous" loans and start improving the quality of its portfolio. The cease-and-desist order also instructed the bank to hire an experienced chief executive officer and a senior lending officer, and to create an ethics program for both employees and directors.

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