Metropolitan Bank agreement | Arkansas Blog

Wednesday, August 19, 2009

Metropolitan Bank agreement

Posted By on Wed, Aug 19, 2009 at 1:19 PM

Arkansas Business reports that the holding company for Metroplitan National Bank has agreed with federal regulators to suspend dividends issue davidends only on Federal Reserve approval and to prepare a plan for stabilizing the bank's capital ratios. The bank has sustained losses from loans on soured real estate invesments, particularly in Northwest Arkansas. The bank says this mirrors an earlier agreement with the comptroller of the currency.

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