The Office of the Comptroller of the Currency was slow to handle problems at ANB Financial before it failed in May, and the agency needs better procedures generally for banks with high amounts of brokered deposits, a report by the Treasury Department's inspector general said.

The report said the OCC did not issue an enforcement action against the $1.9 billion-asset Bentonville, Ark., company in time to save it and continued to give it high ratings, even though it showed dangerous signs of risky growth.

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