Regulators tell FNBR to sell holding

RBC — Federal bank regulators are forcing First National Bank of the Rockies to liquidate a portion of the bank’s holdings in some mortgage-backed securities.
FNBR signed an agreement in March with the Office of the Comptroller of Currency (OCC) agreeing to divest its holdings in A T Fund of Funds within the next 18 months.
According to the agreement, the comptroller has determined the bank “engaged in violations of law and unsafe and unsound…