The FDIC has issued a final consent order to Sevier County Bank ordering the bank to suspend paying dividends and also requiring them to restructure their board of directors, retain qualified bank management, submit business plans, take steps to restore and maintain adequate capital, write off or collect non-performing loans, and to address numerous lending problems.

In other action, the FDIC has fined Clayton Bank and Trust $10,000 for violations of the Home Mortgage Disclosure Act involving "inaccurate collection and reporting of loan application data for the 2008 calendar year, as required by HMDA."

The banks in both cases agreed to the FDIC enforcement actions without admitting any wrongdoing.