Fed Frees Raton in New Mexico from Enforcement Action

By Sarah Todd August 29, 2013, 2:31 p.m. EDT 1 Min Read

Law and regulation

NCAL Bancorp, Raton Capital Receive Fed Enforcement Orders

NCAL Bancorp in Los Angeles and Raton Capital in New Mexico have been hit with enforcement orders from the Federal Reserve Board that require them to stabilize their ailing bank subsidiaries.

By Alan Kline

April 12
Community banking

Fed Frees Fentura in Michigan from Enforcement Action

The Federal Reserve Board has released Fentura Financial in Fenton, Mich., from an enforcement action.

By Sarah Todd

August 22

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.

Sarah Todd

Deputy Editor, BankThink

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