Fed orders West Tenn. bank to shape up
By Geert De Lombaerde Posted on October 30, 2009 at 7:33 amRegulators from the St. Louis Federal Reserve Bank last week formally ordered the leadership of West Tennessee Bancshares to shape up its oversight and risk management and boost its capital. West Tennessee is the parent of the Bank of Bartlett, which has seven offices and about $450 million in assets but lost $3.1 million in the first half of this year.
Tags: Bank of Bartlett, banking, enforcement actions, Federal Reserve, financial regulation, West Tennessee Bancshares Inc.
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