Hitching its wagon to the recovering Southern California economy, North County Bank, Escondido, Calif., has taken just a year to ride out a restrictive cease-and-desist order.

The $240 million-asset bank announced May 14 the lifting of a Federal Deposit Insurance Corp. order to reduce its substandard loans and maintain a capital ratio of 7.5%. The order had been imposed in April 1995.

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