The Federal Deposit Insurance Corp. took enforcement actions against four banks last month tied to inadequate capital, compliance shortcomings and other matters, according to a series of orders released Friday.
The Ohio State Bank in Marion has agreed to maintain a Tier 1 capital ratio of at least 9% and a total risk-based capital ratio of at least 12%. It also agreed to eliminate from its books loans designated by examiners as losses, to refrain from extending credit to any borrower whose loan has been charged off or flagged by examiners as troubled, and to detail in writing plans to reduce classified assets and boost earnings.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access