ANAHEIM, Calif. - SC Bancorp said its subsidiary, Southern California Bank, has been released from an informal memorandum of understanding that it entered into with the Federal Deposit Insurance Corp. and the California State Banking Department on Nov. 29, 1993.

Larry D. Hartwig, president and chief executive officer, said the bank had complied with or exceeded the major requirements of the agreement, which were a reduction in classified assets and maintenance of a leverage capital ratio of at least 7%.

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