secwatch.observer — SEC 8-K summary
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Issuer:     Kentucky First Federal Bancorp (KFFB)
CIK:        0001297341
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001213900-24-069269
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kentucky First Federal Bancorp enters written agreement with OCC; bank deemed 'troubled condition'
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- OCC found unsafe/unsound practices in strategic planning, budgeting, succession planning, liquidity & interest rate risk management.
- Bank must adopt revised strategic plan, succession plan, liquidity program, and IRR program within 30-90 days.
- OCC imposed minimum capital ratios (CET1≥9%, Tier1≥11%, Total≥12%, Leverage≥9%); all currently met.
- Bank designated as in 'troubled condition' under 12 CFR §5.51, limiting certain activities.
- Current capital ratios as of June 30, 2024: CET1 16.25%, Tier1 16.25%, Total 16.25%, Leverage 10.24%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297341/000121390024069269/0001213900-24-069269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297341/000121390024069269/ea0211484-8k_kentucky.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-069269

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