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Four bank holding companies have been freed from regulatory enforcement actions, the Federal Reserve Board announced Tuesday.
May 6 -
The Federal Deposit Insurance Corp. issued two consent orders and terminated 21 enforcement actions in February, according to its latest roundup of regulatory orders.
March 28
The Federal Reserve Board has terminated a cease-and-desist order against Central Federal (CFBK) in Worthington, Ohio.
The order was issued in May 2011. Central's current management team joined the $260 million-asset company the following year. Since then, Chief Executive Timothy O'Dell, President Thad Perry and Chairman Robert Hoeweler were able to work with a standby investor group to recapitalize the company.
"As we move into 2014 our loan and business pipelines remain strong," O'Dell said in a press release.
CFBank is one of a growing number of banks that recently have received
