The Federal Reserve said Thursday it has taken enforcement action against California's Tamalpais Bancorp in an effort to ensure that it maintains sufficient capital.

In an agreement with the Fed, Tamalpais agreed not to declare or pay any dividend without prior written approval. It also must get Fed approval before incurring, increasing or guaranteeing any debt. It must submit a plan to maintain sufficient capital within 60 days.

Tamalpais Bancorp is based in San Rafael.

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