Fed Terminates Written Agreement with West Coast Bancorp

Fed Terminates Written Agreement with West Coast Bancorp

  • Posted: 07/3/2012
  • Castle Creek
On June 27, 2012, the Written Agreement between the Federal Reserve Bank of San Francisco, the State of Oregon, Division of Finance and Corporate Securities (“DFCS”), and the Company was terminated. This agreement precluded Bancorp from paying cash dividends to shareholders as well as requiring Bancorp to maintain risk-based capital ratios in excess of that required for well capitalized status.

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