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News Breaks | | | | October 23, 2012 | | 08:36 EDT |  | METR | Metro Bancorp announces FDIC terminated Consent Order
Metro Bank announced that the Federal Deposit Insurance Corporation, or FDIC, has terminated the Consent Order it issued to the bank on April 29, 2010. The FDIC Consent Order was associated with certain alleged deficiencies in the bank's Anti-Money Laundering and Bank Secrecy Act program that arose out of regulatory examinations conducted in 2009 and 2010. A similar order by the Pennsylvania Department of Banking terminated effective April 12. | |
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