Skip to main content
Advertising

Originally published Friday, February 22, 2013 at 11:26 AM

  • Share:
             
  • Comments (0)
  • Print

Regulators lift order against Regal Financial Bank

Regulators have terminated a 2009 cease-and-desist order against Seattle’s Regal Financial Bank, which recently completed a $12 million capital campaign.

By Seattle Times staff

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

Regulators said Friday they had terminated a 2009 cease-and-desist order against Seattle’s Regal Financial Bank. Last month, the privately held bank completed a $12 million capital campaign it began in September 2011.

Thanks to the capital infusion, the bank’s Tier 1 risk-based capital covered 18.2 percent of its assets at the end of 2012, up from 7.8 percent a year earlier, according to SNL Financial.

CEO Randy James said the bank reduced its troubled-loans ratio to 35 percent, down from more than 200 percent, and expanded lending to doctors’ offices and other small businesses.

News where, when and how you want it

Email Icon


Advertising