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Fed lifts enforcement action with Citizens First State Bank of Walnut

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Fed lifts enforcement action with Citizens First State Bank of Walnut

The Federal Reserve Board on Oct. 6 terminated its October 2009 written agreement with Citizens First State Bank of Walnut.

Under the agreement, Citizens' board had agreed to work on the bank's credit administration practices and on the maintenance of sufficient capital.

Citizens First State Bank is the Walnut, Ill.-based of Citizens Bancshares Inc.