Town Center Bank Announces Commitment to Remove Consent Order
May 06 2013 - 1:19PM
OTC Markets
New Lenox, IL, May 6, 2013 –
Chairman of the Board Mike Perry and President & CEO Bob Taylor
announced today that the Federal Deposit Insurance Corporation
(FDIC) and Illinois Department of Financial and Professional
Regulation (IDFPR) have given Town Center Bank the verbal
commitment that the written Consent Order will be removed by the
middle of June, 2013.
Mr. Perry said, “Based on the forgoing, management reasonably
believes that the Consent Order will be removed within that
timeframe. This is a great milestone for the Bank, and the
directors, officers and employees have worked very hard to make
this happen.” Mr.
Taylor said, “We take this as vindication of all the efforts of the
officers, employees and directors.”
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