The Federal Deposit Insurance Corp. lifted a March 1994 cease-and-desist order against a Connecticut thrift.

Mechanics Savings Bank was slapped with the order for reasons including not enough capital, high nonperforming assets, and excessive rate exposure.

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.