Federal U.S. banking regulators handed out five severe enforcement actions to banks and thrifts in July, compared to just six in the entire third quarter of 2018.
As of Sept. 16, 121 U.S. banks and thrifts were operating under a severe enforcement action issued since 2010.
The FDIC issued two cease and desist orders with specific capital requirements in July. Marks, Miss.-based Citizens Bank & Trust Co.'s order requires the bank to maintain a leverage ratio of 8%, a common equity Tier 1 ratio of 7%, a Tier 1 capital ratio of 8.5% and a total capital ratio of 10.5%.
Oklahoma-based Fort Gibson State Bank's order requires a leverage ratio of 10% and a total capital ratio equal to at least 12% of the bank's total risk-weighted assets. Fort Gibson also received a prompt corrective action directive in January and was one of only 11 undercapitalized U.S. banks or thrifts at the end of June.
On July 1, Muskogee, Okla.-based Firstar Financial Corp. announced that it would acquire Fort Gibson for roughly $4.7 million.

Click here to view the map as a PDF. To view a refreshable spreadsheet of all operating banks and thrifts under a severe enforcement action as of Sept. 16, click here.
