TNCC Tennessee Commerce Bancorp (TN) (MM)

A Tennessee bank owner must get prior Federal Reserve approval to pay dividends or increase debt.

The Fed released Tuesday an agreement with Tennessee Commerce Bancorp Inc. (TNCC). The Franklin, Tenn., company owns Tennessee Commerce Bank. Under the agreement, the bank holding company must get prior approval to declare or pay dividends or to incur, increase, or guarantee any debt.

The company also agreed to submit to the Fed a plan to maintain sufficient capital.

-By Jeff Bater, Dow Jones Newswires; 202 862 9249; jeff.bater@dowjones.com

Tennessee Commerce Bancorp (TN) (MM) (NASDAQ:TNCC)
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부터 5월(5) 2024 으로 6월(6) 2024

Tennessee Commerce Bancorp (TN) (MM) (NASDAQ:TNCC)
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부터 6월(6) 2023 으로 6월(6) 2024