Ohio Legacy Corp. of Wooster said Friday that its Ohio Legacy Bank has received a consent order from the Comptroller of the Currency telling it to protect its interest in assets the regulator has criticized in exams.
It requires the bank to maintain minimum capital levels equal to 8.75% of adjusted total assets and total risk based capital equal to 13.25% of risk-weighted assets by Aug. 31.
It also requires the bank to provide a written request to the OCC assistant deputy comptroller before paying any dividends.
