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The Federal Deposit Insurance Corp. took seven enforcement actions and freed 13 banks from orders in June, according to a list of regulatory actions released Friday.
July 26 -
The Federal Reserve Board has levied a fine against Minster Bank in Ohio and freed a Missouri company from an enforcement action.
July 19 -
The Federal Reserve Board has lifted regulatory actions against Huntington Bancshares in Texas and Buckeye Bancshares in Ohio.
July 9
Regulators have taken action against Port Byron State Bank in Illinois.
The Federal Reserve Bank of Chicago entered a written agreement with the $87 million-asset lender on July 23, Fed officials said Tuesday. The agreement requires the bank to strengthen board oversight of its operations, improve its asset quality and produce plans to improve lending and credit-risk management. The order also forbids the bank from paying dividends without the regulators approval.
Port Byron, the banking unit of First Port Byron Bancorp, had a Tier 1 leverage ratio of 8.19% and total risk-based capital of 16.12% as of the end of the second quarter, according to the Federal Deposit Insurance Corp.
The bank has three branches in western Illinois.