Porter Bancorp (PBIB) in Louisville, Ky., has turned to Sandler O'Neill to help it recapitalize after another quarterly loss.

The Sandler engagement comes as the company's PBI Bank's leverage ratio fell 16 basis points from the third quarter, to 5.37%, and the total risk-based capital ratio fell 3 basis points, to 9.82%. A consent order with regulators calls for those ratios to be 9% and 12% respectively.

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