A unit of Palmetto Bancshares in Greenville, S.C., has shed an enforcement order with the Federal Deposit Insurance Corp.

The $1.1 billion-asset company announced Monday that regulators have terminated an order that required its Palmetto Bank unit to attain a Tier 1 capital ratio of at least 8% of assets and a total risk-based capital ratio of at least 10% as part of a long list of reforms.

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