TITLE

Fed Takes Two Enforcement Actions

PUB. DATE
November 2009
SOURCE
American Banker;11/4/2009, Vol. 174 Issue 200, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Federal Reserve has announced enforcement actions against Commerce Bancshares Incorporated of Catoosa, Oklahoma and Merchants Bancorp of Gresham, Oregon. Commerce and Merchants can't declare or pay any dividends without approval from the Federal Reserve, according to the article. Merchants is also restricted from taking any other form of payment that represents a reduction in capital from its subsidiaries.
ACCESSION #
45018366

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics