The Federal Reserve Board has released Raton Capital in Raton, N.M., from an enforcement action.
The $294.8 million-asset Raton entered into a written agreement with the Fed in April 2012. The agreement required the company to support its struggling bank, International Bank in Raton, and comply with a 2011 cease-and-desist order with the Federal Deposit Insurance Corp.
International Bank was required to reduce risk and address problems in its loan portfolio under the 2011 order, which was terminated last March.
Raton had a Tier 1 leverage ratio of 11.8% and total risk-based capital of 19.6% as of June 30.