WASHINGTON — The U.S. Federal Reserve has ordered the Orlando, Fla.-based Old Southern Bank to either find a buyer or increase its equity within the next month.

The Fed on Thursday released an order dated Jan. 13 that requires the bank, whose parent holding company is Old Southern Bancorp. Inc., to take such steps.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.