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OBRE |
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The OCC and the Illinois OBRE have been afforded an opportunity to comment and have not objected to consummation of the proposal. On April 24, 2003, the Federal Reserve and the OBRE completed the on-site portion of their regularly scheduled annual examination of the Company's banking subsidiaries. Importantly, since March 31, 2001, ICB has been subject to a cease and desist order issued by the FDIC and the OBRE that, among other things, requires the bank to increase its tier one leverage capital ratio to at least 7 percent. |
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