http://featheredquill.com/reviews/childrens/anderson.shtml
Canton, Ga.-based Cherokee Banking (OTC BB: said it must achieve a minimum Total Risk-Based capital ratio of 12 percent and Tier 1 capitakl ratio of at least 8 The company already enacted a three-year strategic plan aimedc at achieving these "In response to the collapse of the housing and real estate we proactively initiated our own strategixc plan in June 2008 aimed at ensuring that we remain a safe and soundc institution," said Dennis Burnette, president and CEO, in a "The actions in our plan are aligned with the requirementw in the consent order, increasing our capital ratio over and above our levek at March 31, 2009, which was categorizeed as 'well-capitalized', as well as maintaining an adequatee level of liquidity and reducing our problem assets.
" The agreement has no impactr on deposit and retirement accounts, the bank noted.
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