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Palatine, Ill.-based First Bank and Trust Co. of Illinois entered into a stipulation to the issuance of a consent order with the FDIC and the banking division of the Illinois Department of Financial and Professional Regulation, effective Jan. 5.
The bank did not admit or deny any charges of unsafe or unsound banking practices in consenting to the order.
Within 90 days, the bank should achieve and maintain a Tier 1 capital ratio of at least 9.5% and a total risk-based capital...