It was business as usual Friday at State Bank of Park Rapids. Customers were greeted warmly; none were concerned about the bank's regulatory issues and bank personnel were working hard to get the cease-and-desist order lifted, with full compliance on all the areas noted. (Sarah Smith / Enterprise)
State Bank of Park Rapids issued order from FDIC
The Federal Deposit Insurance Corp. has issued a cease-and-desist order against State Bank of Park Rapids, citing unsafe banking practices the institution must take steps to remediate.
Many are already under way and began when the bank received notice in June 2008 that it had some structural deficiencies.
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