ANN ARBOR, Mich. Great Lakes Bancorp said the Office of Thrift Supervision has dropped its supervisory agreement with the bank because it has achieved its capital goals a year ahead of schedule.

The company said it now exceeds OTS standards for a "well-capitalized" thrift, the highest capital category under regulatory guidelines.

In November 1991; Great Lakes agreed with the OTS to increase its capital and reduce classified assets.

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