Baltimore's CFG Community Bank and its parent company, Capital Funding Bancorp, have agreed to a consent order with state and federal bank regulators to shore up their corporate governance and management review processes.
Under the order released Thursday, Capital Funding agreed to hire a consultant acceptable to the Federal Reserve Bank of Richmond and the Maryland Commissioner of Financial Regulation to review the bank's corporate governance and board and management structure. Capital Funding is required to address findings in the consultant's report.
