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Fentura Financial (FETM) in Fenton, Mich., has turned a profit thanks to an improvement in its loan portfolio.
March 20
A unit of Fentura Financial (FETM) in Fenton, Mich., has been freed from a regulatory order.
The $308 million-asset State Bank had been operating under a December 2009 consent order from the Federal Deposit Insurance Corp. and the State of Michigan Office of Financial and Insurance Regulation. The bank had a Tier 1 capital ratio of 8.7% and a total risk-based capital ratio of 13.3% as of Dec. 31, according to the Federal Deposit Insurance Corp.
Fentura is still