CWBS $0.48 They had to move their AZZ to comply! It is time stupidos!
Commonwealth Bankshares is expediting efforts to increase Bank of the Commonwealth's equity position (CWBS) 0.41 -0.02 : Co announced that it is expediting efforts to increase Bank of the Commonwealth's equity position just as the Board of Governors of the Federal Reserve System and the Bank executed a Prompt Corrective Action Directive effective July 1, 2011, requiring the Bank return to adequate levels of capital in 30 days, or such additional time as the Board of Governors may permit. The Directive also imposes restrictions on capital distributions, deposit rate restrictions, and restrictions on asset growth and branching. Management and the Board are fully committed to restoring the Bank's capital levels and return the Bank to profitability.
