The Federal Reserve has terminated an enforcement action against Currie Bancorp of Minnesota.

Currie, the parent of the $44.9 million-asset Currie State Bank, had been operating under a written agreement since November 2008. The termination was announced April 14.

Under the 2008 agreement, Currie was barred from paying dividends without regulatory approval. It was also prohibited from taking on debt without gaining approval from the Fed.

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