The Federal Reserve Board has cracked down on a Texas community bank over year-2000 concerns.

Under an agreement made public last week, Wellington (Tex.) State Bank must complete testing by June 30 and appoint a senior manager to be responsible for year-2000 readiness.

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.