Story thread · 2 reports / 2 sources

FDIC clamps down on ‘significantly undercapitalized’ Old Glory Bank

bankingdive.com · 3hShare

Old Glory’s latest call report showed the bank’s leverage ratio was 2.69%. The bank failed to respond to a notice of intent that regulators would issue a directive for prompt corrective action, the FDIC said.

First report: Old Glory Bank is 'severely undercapitalized,' FDIC says — americanbanker.com, 3d