The Federal Reserve Board has terminated enforcement actions against Anadarko Bank & Trust in Oklahoma and Hanmi Financial in Los Angeles.

The $67 million-asset Anadarko had been under an order since August 2007 that required the bank to employ a full-time chief lending officer, and to detail in writing its loan and credit administration policies as well as plans for boosting regulatory capital, providing for loan losses and improving earnings.

The agreement also obligated Anadarko to eliminate from its books loans examiners had classified as lost that had not been previously charged off, to assess in writing its information security policies, to withhold credit from any borrower whose loan was flagged by examiners as substandard, and to refrain from paying dividends, incurring debt or redeeming stock.

The $2.8 billion-asset Hanmi had been under an order since November 2009 that required its Hanmi Bank subsidiary to withhold credit from any borrower whose loan was charged off or flagged by examiners as substandard, and to detail plans to strengthen credit-risk-management practices and loan administration policies, as well as plans for boosting regulatory capital and providing for loan losses.

The agreement also obligated Hanmi Bank to refrain from paying dividends, incurring debt or redeeming stock and to submit a strategic plan to improve its earnings and a budget for each year starting in 2010, as well as plans that detailed how the bank intended to improve its liquidity and reduce reliance on short-term wholesale funding.

The Fed terminated the order against Anadarko on Nov. 27 while the order against Hanmi was terminated on Dec. 4. The Fed released both decisions on Thursday.

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