Regulators amend Plantation-based OptimumBank’s enforcement action

 

icordle@MiamiHerald.com

Federal and state of Florida banking regulators amended a 2010 consent order with Plantation-based OptimumBank in late January 2014, according to a document released by the regulators on Friday.

The amended enforcement action was agreed to after the bank was advised of “additonal unsafe and unsound banking practices or violations of law or regulation relating to weaknesses in asset quality, capital adequacy, earnings, management effectiveness, liquidity and sensitivity to market risk alleged to have been committed by the bank,” according to the documents.

The 18-page amended order mandates the bank to adhere to various requirements related to its board of directors, management, capital and loans.

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