The Federal Deposit Insurance Corp. has lifted a consent order against the recently recapitalized North Community Bank in Chicago.

The order, issued in January 2011 and amended in May 2013, required the $2.5 billion-asset North Community to strengthen its anti-money-laundering practices and maintain a minimum 9% Tier 1 capital ratio and 12% total risk-based capital ratio. The bank was also ordered to improve board oversight, revise its expense policy and hire a consultant to review expenses and reimbursements paid to employees, shareholders and others.

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