The Federal Deposit Insurance Corp. has terminated an enforcement action against HomeStreet Bank in Seattle.

The $2.5 billion-asset bank had been operating under an agreement since May that required it to maintain a Tier 1 capital ratio of at least 9%, to continue to reduce its exposure to loans that regulators had flagged as substandard or doubtful, and to refrain from paying dividends without regulators' permission.

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.