First Financial Service Corporation Announces Agreement With Regulators

First Financial Service Corporation

today announced that its subsidiary, First Federal Savings Bank of Elizabethtown, has entered into a consent order with the Federal Deposit Insurance Corporation (FDIC) and the Kentucky Department of Financial Institutions (KDFI). The Company has voluntarily agreed to take various steps to improve the balance sheet, including increasing capital ratios and reducing its concentration in commercial real estate loans and the level of non-performing assets.