Coast Bancorp (CA) (fka CTBP)

[56Chevy]

Coast National Bank - Termination of Consent Order by Office of the Comptroller of the Currency

Date : 04/21/2014 @ 8:05PM
Source : Marketwired
Stock : Coast Bancorp (QB) (CTBP)
Quote : $2.10 0.0 (0.00%) @ 8:06AM

SAN LUIS OBISPO, CA--(Marketwired - Apr 21, 2014) - Coast National Bank, a wholly owned subsidiary of Coast Bancorp (OTCBB: CTBP), today announced it has received the official effective Order Terminating the Consent Order entered into by the bank's Board of Directors on February 9, 2011 and issued by the Comptroller of the Currency of the United States of America and terminated on April 9, 2014.

The official document states "the Comptroller believes the protection of the depositors; other customers and shareholders of the Bank, as well as the Bank's safe and sound operations do not require the continued existence of the Order." The Bank is subject to several continuing conditions imposed by the Comptroller in connection with the termination of the Order under an informal letter agreement.

[....]

http://ih.advfn.com/p.php?pid=nmona&article=61906032

*I'm not sure I understand this termination of the C O ...but ok.