The Federal Reserve Board has terminated enforcement actions against three banks.
The Fed lifted a January 2012 prompt corrective action that gave Bank of Bartlett in Tennessee 90 days to shore up capital and ordered the $370 million-asset bank to refrain from accepting new deposit accounts without regulatory approval.
Separately, the Fed terminated a May 2010 written agreement with Bank of Little Rock in Arkansas that required the $193 million-asset bank's board to strengthen oversight of management and form an independent committee to review loans greater than $100,000.
The agreement also required Bank of Little Rock to provide written plans for bolstering its credit practices, maintaining sufficient capital and improving its position in connection with troubled loans greater than $250,000, among other things.
Finally, the Fed also terminated a March 2011 written agreement with Pembina County Bankshares in Cavalier, N.D., that required the company's board to serve as a source of strength to the bank. The company was also barred from declaring or paying dividends, redeeming stock or incurring debt without Fed approval.
The Fed ended the agreement with Bank of Little Rock on March 15. It terminated its enforcement actions against Bank of Bartlett and Pembina County Bankshares on March 18.
