Fed Takes Action Against Dallas Bank

The Federal Reserve has ordered Outsource Holdings Inc. to serve as a source of strength to its Dallas bank.

The Fed reached a written agreement on Feb. 24 with the company, barring it from paying dividends or paying interest or principal on debt without regulatory approval.

The $204.9 million-asset Jefferson Bank entered into a consent order with the State of Texas Department of Banking and the Federal Deposit Insurance Corp. in October 2009.

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