Recent Regulatory Agreement- Comments from our COO

by Kevin Lynch 22. September 2009
Late yesterday, the Bank announced that it had entered into an agreement, issued by both the FDIC and the Maryland Division of Financial Regulation, called a Cease and Desist Order. The primary points of the order require the Bank to increase its capital levels, reduce our level of non-performing assets, and enhance our liquidity. The formal agreement between the bank and the regulators can be found here. Mark Keidel, the Chief Operating Officer of the Bank, has provided clarification on some ... [More]

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