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North American Savings Bank Enters into Supervisory Agreement with OTS

Saturday, May 8, 2010 - 6:53 AMNorth American Savings Bank - Details
One new addition to Calculated Risk Blog's Unofficial Problem Bank List is North American Savings Bank, which is the bank that has been offering several hot nationwide CD deals in last few weeks. The bank's parent mentioned this supervisory agreement in a May 5th 8-K filing. It should be noted that the 8-K states that the 'Bank is not deemed to be in "troubled condition".'
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Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
Rep Points: 124,996
1. Saturday, May 8, 2010 - 7:38 PM
Here is a link to the Supervisory Agreement:

 

http://files.ots.treas.gov/enforcement/97370.pdf
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AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,912
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