Florida Keys News - Key West Citizen
Thursday, September 4, 2008
Feds: Orion Bank must reform
Corrective action order to protect bank from losses in tough economic times

Orion Bancorp, which maintains five branches in the Florida Keys, has been told by state and federal regulators to take immediate corrective actions in order to maintain the financial soundness of the institution, including reforming its lending practices and strengthening oversight by the board of directors. The agreement, signed on Aug. 25, is one of 15 such enforcement action...

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