The Federal Reserve has entered into a written agreement with a Georgia banking company.

Jones Bancshares LP agreed to serve as a source of strength to its $405.1 million-asset PrimeSouth Bank in Blackshear, which has been operating under a consent order from the Federal Deposit Insurancce Corp. since Jan. 31.

The company was barred from paying dividends or incurring debt without Fed approval, among other things.

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