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The Federal Deposit Insurance Corp. in May issued enforcement orders against eight banks and freed 14 others from prior orders as part of a series of actions released Friday.
June 28 -
The Federal Reserve System has taken regulatory action against Union City Corp. in El Reno, Okla., and released a Missouri holding company and its banking unit from a written agreement.
September 6 -
The Federal Reserve Board has released Raton Capital in Raton, N.M., from an enforcement action.
August 29
The Federal Reserve Board has ordered SunSouth Bancshares of Dothan, Ala., to strengthen its board.
In a Sept. 20 written agreement, the Fed ordered the $174 million-asset company to increase the number of outside directors. The Fed also ordered SunSouth to refrain from paying dividends, redeeming stock or taking on debt without regulatory approval. The company must also issue periodic progress reports.
The Federal Deposit Insurance Corp.
At June 30, SunSouth's Tier 1 ratio was 7.11%; its risk-based capital ratio was 10.64%.