Federal Reserve Board issues enforcement action with Ontario Bancorporation, Inc.

What this means

The Federal Reserve Board announced on October 2, 2026, that Ontario Bancorporation, Inc., the Wisconsin bank holding company that owns Bank of Ontario, entered into a written agreement with the Federal Reserve Bank of Chicago dated September 24. The agreement requires the company to support the bank, submit a capital plan within 60 days and cash-flow projections within 30 days, obtain prior approval for dividends, capital distributions, and new debt, and provide quarterly progress reports; it follows an August 6 consent order addressing the bank’s asset quality, capital, earnings, and liquidity.

Official release

Source material from Federal Reserve. The wording below is the issuer’s statement.

Press Release

October 02, 2026

Federal Reserve Board issues enforcement action with Ontario Bancorporation, Inc.

For release at 11:00 a.m. EDT

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The Federal Reserve Board on Friday announced the execution of the following enforcement action listed below:

Ontario Bancorporation, Inc., Ontario, Wisconsin

Written Agreement dated September 24, 2026

Additional enforcement actions can be searched for here.

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Attachment (PDF)

Last Update:

October 02, 2026

Release text attributed to Federal Reserve. Consult the official publication for any subsequent corrections or updates.