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Posted on Sun, Aug 2, 2009 : 10:32 a.m.

FDIC takes action against banks in Ann Arbor and Plymouth

By AnnArbor.com Staff

The Detroit Free Press reports today that the Federal Deposit Insurance Corp. has taken enforcement actions against two banks in Michigan - including one in Ann Arbor.

The FDIC ordered Michigan Commerce Bank in Ann Arbor and New Liberty Bank in Plymouth to take a number of steps to improve their operations, such as increasing capital levels and reducing problem loans, the newspaper reported.