California Co Agrees To Submit Credit Risk Plan To Fed
March 25 2010 - 11:29AM
Dow Jones News
A California bank holding company has agreed to submit a plan to
strengthen its credit risk management practices, the Federal
Reserve says.
The Fed on Thursday released its agreement with United Security
Bancshares, which has a subsidiary, United Security Bank, of
Fresno.
The Fed agreement says the plan must include accurate
identification of credit risk within the loan portfolio.
The plan must also consider strategies to minimize credit losses
and reduce the level of problem assets.
-By Jeff Bater, Dow Jones Newswires; 202 862 9249;
jeff.bater@dowjones.com
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