The Federal Reserve released written agreements with banks in Missouri and Florida on Thursday, limiting the firms' ability to pay dividends and boosting oversight of their operations.
The first agreement with Ocala, Fla.-based Independent Bancshares Inc., limits the bank's ability to incur or guarantee any debt. The other written agreement is with First Banks Inc. calls for St.Louis-based First Bank to strengthen board oversight, credit risk management and lending and credit administration.