The Federal Reserve Board has lifted enforcement actions against four financial companies.
United Holding Company in Springdale, Ark., was freed from a cease-and-desist order issued by the Office of Thrift Supervision in November 2010, according to the Fed's Tuesday press release.
Northfield Bancshares in Northfield, Minn., and its bank, Community Resource Bank, were freed from a January 2010 written agreement. TFC Holding Company in Alhambra, Calif., was released from an April 2009 written agreement. AliKat Investments in Gurnee, Ill., and its subsidiary, Northside Community Bank, were also freed from an April 2010 written agreement.
The Federal Reserve also made public its written agreement with major banking software provider Jack Henry in Monett, Mo. The agreement, which was first announced in December, was jointly issued by the Federal Reserve Bank of St. Louis, The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp.
Regulators took action against Jack Henry for taking too much time to repair a processing center damaged in Hurricane Sandy. The firm agreed to improve its disaster preparation and recovery plans.
Jack Henry agreed last week to buy the digital banking startup Banno for an undisclosed sum.