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Fed terminates 2014 enforcement action with CBOA Financial

The Federal Reserve Board on Feb. 2 terminated its enforcement action with CBOA Financial Inc.

The May 2014 written agreement was in connection with a consent order issued to COBA Financial's subsidiary, Commerce Bank of Arizona Inc., by the Federal Deposit Insurance Corp. That order was terminated in 2017.

The Fed's written agreement limited the Tucson, Ariz.-based company's ability to declare or pay any dividends without written approval by the Fed.