The Federal Reserve Board has entered into a written agreement with NASB Financial (NASB) that requires the Grandview, Mo., company to serve as a source of strength to its bank.

The $1.2 billion-asset parent of North American Savings Bank was barred from declaring and paying dividends, or repurchasing stock, without Fed approval. NASB also has to submit a statement with planned sources and uses of cash for debt service, operating expenses and other purposes for next year.

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