Calusa hit with enforcement

PUNTA GORDA -- Calusa National Bank entered into an enforcement agreement with the U.S. Office of the Comptroller of the Currency (OCC) at the end of August, according to a filing made public this week.

The OCC says it identified “unsafe and unsound banking practices relating to increasing credit risk at the bank” in its filing.

Based in Punta Gorda, Calusa National Bank manages $145 million in assets and $128 million in total deposits through a network of four branch locations, according to the most recent information available through the Federal Deposit Insurance Corp. Todd Katz is bank president, and Lew Albert is CEO.