The Office of the Comptroller of the Currency recently freed 11 banks from regulatory orders.

North American Savings Bank in Grandview, Mo., was released from a May 2012 consent order, according to the OCC's Friday press release. The $1.2 billion-asset bank was required to maintain a minimum 10% Tier 1 leverage ratio and a minimum 13% total risk-based capital ratio. It was also required to reduce troubled assets, review all credit relationships over $1 million, address credit concentration risk, develop a strategic plan and establish a semi-annual independent loan review program.

North American had a 16.8% Tier 1 leverage ratio and a 24% total risk-based capital ratio as of Dec. 31, according to the Federal Deposit Insurance Corp.

The OCC also lifted a June 2010 consent order against the $122 million-asset Trans Pacific National Bank in San Francisco. The order set a minimum 9% Tier 1 capital ratio and minimum 12% total risk-based capital ratio. Trans Pacific was also required to develop a liquidity program, address deficiencies in loan management leadership and board oversight and reduce risk in its commercial real estate portfolio. Trans Pacific had a 10.6% Tier 1 leverage ratio and 17% total risk-based capital ratio as of Dec. 31.

First National Bank of Central Alabama in Aliceville, Ala., was freed from a written agreement, as were First National Bank of Southern California in Riverside; Putnam Bank in Putnam, Calif.; Urban Trust Bank in Lake Mary, Fla.; First National Bank of Pasco in Dade City, Fla.; Oculina Bank in Ft. Pierce, Fla.; First National Bank of Ottawa in Ottawa, Ill.; Home Federal Savings Bank in Rochester, Minn.; and Hudson Valley Bank in Yonkers, N.Y.

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