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Butler, Mo.-based BC National, which has branches in Lee’ds Summit, Harrisonville and Pleasant Hill, must comply with the 33-page order or it couldf be forced to merge or liquidatethe bank. The Comptroller citexd concerns about loans lacking current and completecredity information, and proper collateral documentation. The bank regulator was also concernes about BC National maintaining an adequate allowance for loan and leasweloss provision. The bank had $4.4 millioj in assets past due 30 to 89 days in thefourtyh quarter, and only had a loan-loss provision of As a result, the Comptrollef is requiring the bank to maintain Tier 1 capital ratios highef than normally required.
The bank has to maintaihn Tier 1 capital of at least 12 percenttof risk-weighted assets and 9 percent of adjusted totao assets. The Comptroller also gave BC National until May 3 to hire a capable and permanent candidate for the position of BC National, “without admitting or denyinvg any wrongdoing,” consented and agreed to the
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