A five-year-old bank in Portland, Ore., has been slapped with a cease- and-desist order by the Federal Deposit Insurance Corp. for engaging in what the regulator called "unsafe or unsound banking practices."

The FDIC said $72 million-asset Northern Bank of Commerce lacks sufficient equity capital to support its assets, has an inadequate management team to support its loan portfolio, and is operating with an insufficient allowance for loan losses.

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