Growth. Effective immediately, the Association is subject to and shall comply with the requirements and provisions of OTS Regulatory Bulletin 3b. Without the prior written approval of the Regional Director, the Association shall not increase its total assets during any quarter beginning with the quarter starting January 1, 2010, in excess of an amount equal to net interest credited on deposit liabilities during the quarter. The growth restrictions imposed by this Paragraph shall remain in effect until the Regional Director approves the Association’s Business Plan as required under Paragraph 1 of this Agreement.
Appears in 2 contracts
Sources: Supervisory Agreement (Flagstar Bancorp Inc), Supervisory Agreement