The Office of the Comptroller of the Currency has lifted a regulatory order against Alaska Pacific Bancshares (AKPB) in Juneau.
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The termination will "free up a substantial amount of the Bank's resources, which will be redirected to customer service and our continued efforts to enhance profitability," Craig Dahl, president and chief executive, said in a press release Tuesday. The order was lifted last week.
The $166 million-asset Alaska Pacific entered into the order in September 2010 with the now defunct Office of Thrift Supervision.
