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The Federal Deposit Insurance Corp. issued a prompt corrective action against AztecAmerica Bank in Berwyn, Ill., in November and hit two other banks with consent orders.
December 27 -
The Federal Reserve Board has hit two Midwest banks — Freedom Bank in Tulsa, Okla., and Freedom Bancorp. in Lindstrom, Minn. — with enforcement orders.
April 25
The Federal Reserve Board has terminated an April 2013 enforcement action against Freedom Bancorp in Lindstrom, Minn.
The written agreement required Freedom to increase board oversight in order to ensure that its bank complied with a November 2012 consent order issued by the Federal Deposit Insurance Corp. and the State of Minnesota Department of Commerce. The $259 million-asset Freedom was also required to obtain regulatory approval before paying dividends or taking on new debt.
Freedom's banking unit, Lake Area Bank, was