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Fed lifts consent order against HomeStar Financial

The Federal Reserve lifted its consent order against Manteno, Ill.-based HomeStar Financial Group Inc., which prohibited the bank from paying dividends without securing regulatory approval.

The order also prohibited HomeStar from incurring, increasing or guaranteeing debt, or redeeming any shares without securing approval.

HomeStar was acquired by Effingham, Ill.-based Midland States Bancorp Inc. in July.