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Bryn Mawr Bank (BMTC) in Pennsylvania has agreed to buy Continental Bank Holdings in Plymouth Meeting, Pa.
May 5
Four bank holding companies have been freed from regulatory enforcement actions, the Federal Reserve Board announced Tuesday.
The $675 million-asset Continental Bank Holdings in Plymouth Meeting, Pa., was freed from a cease-and-desist order on May 3, the Fed said. The action,
On Monday, Continental
Cease-and-desist orders issued in October 2009 for Nebraska-based Lincoln Federal Bancorp, M.H.C. and Lincoln Federal Bancorp were terminated on May 2.
HMN Financial based in Rochester, Minn., was released on May 1 from a supervisory agreement that required it submit regular business plans and reports to the Federal Reserve Board. The agreement also required HMN, which operates eight offices throughout Minnesota, to seek approval from the Fed to pay cash dividends or incur debt.
"We are pleased that the improvements in our financial results and capital position have allowed this regulatory agreement to be terminated," said Brad Krehbiel, President of HMN, said in a
First National Bancshares of Central Alabama, based in Tuscaloosa, was