EASTON, Md. (AP) — The Talbot Bank has entered into a consent order with the Federal Deposit Insurance Corporation.
The order requires that the Easton-based bank improve its credit quality and review and revise some of its policies and procedures.
Bank CEO Patrick Bilbrough says the bank has faced challenges as a result of the economic downturn. He says he’s confident the bank will emerge stronger from the arrangement with the FDIC.
The bank says it is already meeting many of the requirements of the consent order.
The Talbot Bank has seven locations in Talbot and Dorchester counties.
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