The Federal Deposit Insurance Corp. has lifted a consent order with Seattle Bank, which recently added $10 million of capital.

Seattle Bank announced the termination of the 2009 consent order on Thursday. The order had required the $250 million-asset bank to raise capital, reduce loan losses and cut nonperforming loans. It had Tier 1 capital of 14.16% and total risk-based capital of 22.26%, as of June 30, according to the FDIC.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.