The Federal Reserve Board has terminated a written agreement with Blue Valley Ban Corp. in Overland Park, Kan.
The November 2009 agreement had obligated the parent of the $662 million-asset Bank of Blue Valley to provide written plans for maintaining sufficient capital. The company also had to strengthen its credit risk management practices and withhold credit from borrower that had been flagged by loan examiners as troubled.
The order, terminated on Jan. 11, had also instructed Bank of Blue Valley to improve its positions with any past-due loan of more than $500,000, among other things.
Separately, the Fed on Thursday ordered the $569 million-asset Commercial & Savings Bank in Millersburg, Ohio, to pay $3,410 to the National Flood Insurance Program to settle a charge that the bank had failed to maintain sufficient flood insurance on homes that secured loans.
