The Federal Deposit Insurance Corp. this week issued an updated list of enforcement actions taken against financial institutions in November. Four Washington banks were among those noted as receiving a Consent Order from the agency.
The four Washington institutions were Viking Bank, of Seattle; The Bank of Washington, of Lynwood; American Marine Bank, of Bainbridge Island; and Regal Financial Bank, of Seattle.
The banks were variously ordered, among other things, to maintain professional leadership; ensure safe levels of capital; better manage problem loans; and develop plans aimed at success.
A consent order is not necessarily an indication that a bank is failing, but rather is an indication that regulators are aiming greater scrutiny at internal operations.