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Citizens Union Bank of Shelbyville (CUB) announced that it has received notice from the Federal Deposit Insurance Corporation (FDIC) and the Kentucky Department of Financial Institutions (KDFI) which formally terminates the Consent Order the Bank entered into with the regulators in January 2010.
A Consent Order is a formal agreement between banks and regulators designed to help address improving certain areas of a bank such as credit quality, capital, earnings and liquidity.
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