The Talbot Bank has entered into a consent order with the federal government that requires the Easton-based institution to improve its credit quality as well as review and revive some of its policies and procedures.
And, the bank is already meeting many of the requirements set by the Federal Deposit Insurance Corporation.
Bank CEO Patrick Bilbrough told WBOC that the financial institution has had to meet a number of challenges as the nation has weathered the Great Recession.
But he adds he believes the bank will be in a stronger position as a result of the deal with the FDIC.
The financial institution has several locations in Talbot and Dorchester Counties.
