In separate enforcement actions released Wednesday, the U.S. Federal Reserve is ordering Stockton, Calif.-based Pacific State Bancorp (PSBC) and Quincy, Ill-based Mercantile Bancorp (MBR) to submit plans aimed at maintaining sufficient capital.

The Fed also is prohibiting both companies from paying dividends or issuing new debt without its prior approval.

Additionally, the Fed is requiring Pacific State to submit a plan to strengthen its management of credit risk and to submit a business plan aimed at boosting the bank's earnings and overall financial condition.

-By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; meena.thiruvengadam@dowjones.com
Pacific State Bancorp (CE) (USOTC:PSBC)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Pacific State Bancorp (CE).
Pacific State Bancorp (CE) (USOTC:PSBC)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Pacific State Bancorp (CE).