Fentura Financial, Inc. Announces Termination of Consent Agreement With Regulatory Agencies Governing Its Subsidiary the State
26 Março 2013 - 5:12PM
FENTON, MICHIGAN, MARCH 26, 2013 - Fentura Financial, Inc.
announced today that the Federal Deposit Insurance Corporation and
the State of Michigan Department of Insurance and Financial
Services, the regulators of The State Bank (the "Bank"), have
released the Bank from their Consent Agreement (the "Consent")
dated December 29, 2009.
"The lifting of the Consent is recognition of the progress made
by our team to strengthen capital, earnings and asset quality,"
said Ronald Justice, President and Chief Executive Officer.
"Further evidence of the strengthening of these three areas was
provided by the return to profitability announced in our press
release dated March 15, 2013. I am proud of our team and all
of their efforts to successfully execute the Bank's business plan
in order to position the Company for a prosperous
future."
Fentura Financial, Inc. is a bank holding company headquartered
in Fenton, Michigan. Its subsidiary bank, The State Bank, is
also headquartered in Fenton with offices serving Fenton, Linden,
Holly, Grand Blanc and Brighton. The Brighton area is served by
Livingston Community Bank, a division of The State Bank. The
Bank offers comprehensive financial services including commercial,
consumer, mortgage, trust and financial planning services, and
deposit products. The Bank proudly provides services from its
community offices in Genesee, Oakland and Livingston Counties and
through on-line and mobile banking services. More information
about The State Bank is available at www.thestatebank.com.
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CONTACT: Fentura Financial, Inc.
Ronald L. Justice
President & CEO
(810)629-2263
Fentura Financial (QX) (USOTC:FETM)
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