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Britton & Koontz Capital Corporation Announces Britton & Koontz Bank's Entry Into a Formal Agreement with the OCC

 Britton & Koontz Capital Corporation Announces Britton & Koontz Bank's Entry
                     Into a Formal Agreement with the OCC

PR Newswire

NATCHEZ, Miss., Feb. 21, 2012

NATCHEZ, Miss., Feb. 21, 2012 /PRNewswire-FirstCall/ -- Britton & Koontz
Capital Corporation (NASDAQ: BKBK) (the "Company") announced today that
effective February 21, 2012, its wholly-owned subsidiary, Britton & Koontz
Bank, N.A. (the "Bank"), entered into a formal written agreement (the
"Agreement") with the Comptroller of the Currency of the United States (the
"OCC"), pursuant to which the Bank agreed to take steps to improve the Bank's
asset quality, credit risk exposure, strategic planning initiatives, and
capital planning.

The Agreement is based upon the findings of the OCC's Report of Examination
for the examination period ended March 31, 2011. Since the completion of the
examination, the Board of Directors and management of the Bank have worked to
address the findings of the exam and intend to develop formal action plans to
comply with the requirements of the Agreement and the concerns that gave rise
to the Agreement.

Entry into the Agreement does not change the Bank's "well-capitalized" status
as of the date of this Current Report on Form 8-K. However, in connection
with the OCC Exam, the Bank has agreed to the OCC establishing higher
individual minimum capital ratios for the Bank. Specifically, the Bank must
maintain a Tier 1 capital to adjusted total assets ratio of 8% – this ratio
was 10.91% for the Bank at December 31, 2011 – and a total risk-based capital
to risk-weighted assets ratio of 12% – this ratio was 19.22% for the Bank at
December 31, 2011.

W. Page Ogden, President and CEO of the Company, stated, "We have a good
working relationship with our regulators. We intend to proceed promptly with
the steps set forth in the Agreement."

A summary of the terms of the Agreement are set forth in the Company's current
report on Form 8-K, as filed with the Securities and Exchange Commission on
February 21, 2012.

http://www.bkbank.com



SOURCE Britton & Koontz Capital Corporation
 
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