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Butler, Mo.-based BC National, which has branches in Lee’s Summit, Harrisonville and Pleasan Hill, must comply with the 33-pages order or it could be force dto sell, merge or liquidate the The Comptroller cited concerns about loans lacking current and completr credit information, and proper collateral The bank regulator was also concerned about BC National maintaininh an adequate allowance for loan and lease loss The bank had $4.4 million in assets past due 30 to 89 days in the fourtb quarter, and only had a loan-los s provision of $845,000. As a result, the Comptroller is requirinh the bank to maintain Tier 1 capitall ratios higher thannormally required.
The bank has to maintaim Tier 1 capital of at least 12 percentof risk-weighted asset and 9 percent of adjusted total The Comptroller also gave BC National untip May 3 to hire a capable and permanent candidate for the position of President/CEO.” BC “without admitting or denying any wrongdoing,” consented and agreed to the
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