Neighborhood National in Calif. freed from BSA order

Neighborhood National Bank in El Cajon, Calif., has been freed from a consent order with the Office of the Comptroller of the Currency. 

The $119 million-asset Neighborhood had been operating under the order since March 2016. It required the bank to improve compliance tied to the Bank Secrecy Act and anti-money laundering laws. 

"We are growing our customer base and serving clients throughout San Diego County and southern California with state-of-the-art treasury management and digital banking products [and] an experienced SBA lending team,” CEO Scott Andrews said in a Monday press release. 

Neighborhood Bancorp, the bank’s parent company, raised $4 million in the first half of 2022.