Washington Bank Agrees Not To Pay Dividends Without Fed OK
April 07 2009 - 11:30AM
Dow Jones News
A bank holding company has agreed not to pay dividends or incur
debt without Federal Reserve approval.
The Fed announced the agreement Tuesday with Venture Financial
Group Inc. (VNBK), of Dupont, Wash. The company owns Venture Bank
in Lacy, Wash.
The company also agreed not to buy or redeem any shares of its
stock without Fed approval.
-By Jeff Bater, Dow Jones Newswires; 202 862 9249; jeff.bater@dowjones.com