Oregon Community Bank released from reserve bank order

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Oregon Community Bank & Trust was released from an order by the Federal Reserve Bank of Chicago to strengthen its management structure and credit risk policies and to develop a succession plan. The bank recorded $161.3 million in assets in the quarter ending Sept. 30.

Between 2009 and 2011, OCBT recorded three years of net losses, but showed positive gains in 2012, with $2 million in net income for the first three quarters.

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