The Federal Reserve Board has lifted enforcement actions against Parkway Bancorp in Harwood Heights, Ill., and Peoples Inc. in Lawrence, Kan.
The $1.9 billion-asset Parkway had been operating under an October 2011 written agreement that required it to create a capital plan and refrain from paying dividends without prior regulatory approval. At Sept. 30, the company had an 11.3% Tier 1 leverage ratio and a 16.7% total risk-based capital ratio.
Peoples and its bank were released from a January 2010 written agreement that required the $412 million-asset company to strengthen credit risk management practices, reduce troubled assets, revise its methodology for calculating the loan-loss allowance and create a capital plan. At Sept. 30, Peoples had a Tier 1 leverage ratio of 9.6% and a total risk-based capital ratio of 16%.