The Office of Thrift Supervision has slapped several strict regulatory requirements on Bank Plus Corp. in the wake of a $60 million third-quarter loss and a significant reduction in capital levels.

The $3.8 billion-asset Bank Plus, the parent of Fidelity Federal Bank, has been struggling for several quarters with problems in a subprime credit card portfolio. It must now submit a plan to its regulator spelling out how it intends to return to health.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.