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Citizens Union Bank, which since 2010 has been under the scrutiny of state and federal banking regulators because of problem loans, has been cleared to move forward.
On Thursday, the Federal Deposit Insurance Corporation in Washington D.C., and the Department of Financial Institutions in Frankfort issued a termination of the consent order that it imposed on CUB in January 2010 that was designed to help prevent banks from getting into serious financial difficulty.
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