The Federal Reserve on Tuesday announced two enforcement actions against two banks.

The Fed issued a prompt corrective action against the Bank of Bartlett in Tennessee, giving the bank 90 days to become adequately capitalized, possibly by raising money or selling to another institution. The $373 million-asset bank was also barred from accepting new deposits at interest rates exceeding the "prevailing effective rates" in the bank's market area.

The Fed also reached a written agreement with Capitol City Bancshares Inc. in Atlanta. The company's $296 million-asset bank has been operating under a consent order with regulators since January 2010.

Capitol City cannot pay dividends or pay interest and principal on subordinated debt and trust preferred securities without Fed approval. The company also agreed to provide regulators with quarterly progress reports.

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