Common use of EXTERNAL LOAN REVIEW Clause in Contracts

EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of this Agreement, the Board shall employ a qualified consultant to perform an ongoing asset quality review of the Bank’s Loan portfolio. The consultant shall be utilized until such time as an ongoing internal problem loan identification system is developed by the Board, implemented, and demonstrated to be effective. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:

EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of this Agreement, the Board shall employ a qualified consultant to perform an ongoing asset quality review of the Bank’s Loan Commercial Real Estate portfolio. The consultant shall be utilized until such time as an ongoing internal problem loan identification asset quality review system is developed by the Board, implemented, and demonstrated to be effective. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:

EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of this Agreement, the Board shall employ a qualified consultant to perform an ongoing quarterly asset quality review reviews of the Bank’s Loan loan portfolio. The consultant shall be utilized until such time as an ongoing internal problem loan identification asset quality review system is developed by the Board, implemented, and demonstrated to be effective. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:

EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of the date of this Agreement, the Board shall employ a qualified consultant to perform an ongoing asset quality review perform, at a minimum, semi-annual loan reviews of the Bank’s Loan portfolio. The consultant scope of the external loan reviews shall be utilized until such time as an ongoing internal problem loan identification system is developed by forwarded to the Board, implemented, and demonstrated to be effectiveAssistant Deputy Comptroller for a prior written determination of no supervisory objection. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding: