Nearly 1,200 banks have been hit with an enforcement action made public by federal regulators since the start of 2008, and that number is expected to climb at an accelerated rate.
"By the end of this year, there will be in excess of 2,000 banks under an order," said Michael Ross, the president and chief executive of Dearborn Bancorp Inc. in Michigan, which has a written agreement with the Federal Reserve Bank of Chicago.
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