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Century Bank enters ‘cease and desist’ deal with FDIC

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Officials: Bank can still lend money, accept deposits

By The Staff

Bad loans during a bad economy resulted in Century Bank entering a cease and desist arrangement with the Federal Deposit Insurance Corporation, the Lawrenceburg-based bank announced last week.

Bank officials were quick to point out that the order doesn’t mean customers can no longer borrow money, nor does it place in jeopardy money they have on deposit.


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The Anderson News | circulation@theandersonnews.com | 502-839-6906
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