The Federal Reserve Board has terminated a written agreement with Mountain West Financial (MTWF) in Helena, Mont.

The August 2010 pact obligated the parent of the $647.6 million-asset Mountain West Bank to serve as a source of strength to the bank.

The agreement also required the company to detail in writing plans to maintain sufficient capital, and to refrain from paying dividends, distributing capital or redeeming stock without the permission of regulators.

The Fed terminated the order on Tuesday and announced its decision on Thursday.

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.