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Federal Reserve ends Johnson Bank monitoring

8:45 PM, Nov. 29, 2012  |  Comments
The Johnson Bank location at 318 S. Washington St. in downtown Green Bay.
The Johnson Bank location at 318 S. Washington St. in downtown Green Bay.
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RACINE

The Federal Reserve Board said Thursday it terminated an enforcement action against Johnson Financial Group and its subsidiary, Johnson Bank.

The action, which provided oversight of Johnson Bank's efforts to deal with problem loans and improve its capital ratio, was issued in 2011.

"The termination of the agreement reflects the confidence our regulators have in our current financial position and our future outlook," said Tom Bolger, president and CEO, Johnson Financial Group. "We're now a stronger company, and we believe we're well-positioned to continue building a thriving, sustainable, customer-focused enterprise."

Johnson Bank and Johnson Insurance Services, both subsidiaries of Johnson Financial Group, have offices in Green Bay.

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