BREA, Calif - UnionFed Financial Corp. said the Office of Thrift Supervision had approved the amended capital plan submitted by the company's Union Federal Bank.

The amended plan calls for the bank to reach 4% core and 8% risk-based capital ratios by next March 31 and 5% core and 10% risk-based ratios by the middle of next year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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