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The Office of the Comptroller of the Currency has taken action against a Missouri bank and freed four others from regulatory actions.
June 24 -
The Federal Deposit Insurance Corp. has taken enforcement actions against eight banks and freed 12 others from prior orders, according to a series of orders released Friday.
May 31 -
The Federal Reserve Board has terminated a written agreement with Mountain West Financial (MTWF) in Helena, Mont.
March 14
The Federal Reserve Board has terminated a written agreement with Farmers Bank in Ault, Colo.
The May 2010 pact obligated the $232 million-asset bank's directors to strengthen oversight of management.
It required the bank to detail in writing plans to tighten underwriting, refrain from extending additional credit to borrowers whose loans examiners had flagged and to charge off losses completely.
Farmers also promised to maintain sufficient capital, to manage liquidity better and to send regulators annual business plans and budgets.
The Fed terminated the order on June 20 and announced its decision on Tuesday.
