Premier Bank actions require Fed OK
Premier Bank will have to get permission from the Federal Reserve to pay dividends or take on debt, inunder a written agreement made public Tuesday. The bank will also have to come up with a plan to keep sufficient capital, under the agreement signed with the Fed. Premier, based in Jefferson City, has five branches in the St. Louis area. It ranks 25th by share of the St paydayloan. Louis region’s deposits. The bank lost $32 million last year, and 4.7 percent of its loans were delinquent as of December, nearly double the percentage for similar banks. (Jim Gallagher) =”clear:both”>