Common use of New Products and Services Clause in Contracts

New Products and Services. (1) Prior to the Bank’s involvement in any new products or services the Board shall prepare a written analysis of said product or service. The analysis shall, at a minimum, assess the risks and benefits of the product or service to the Bank. Also, the new product or service must be consistent with the Bank’s strategic plan.

New Products and Services. (1) Prior to the Bank’s 's involvement in any new products or services the Board shall prepare a written analysis of said product or service. The analysis shall, at a minimum, assess include the risks and benefits of the product or service to the Bank. Also, the new product or service must be consistent with the Bank’s strategic plan.following:

New Products and Services. (1) Prior to the Bank’s 's involvement in any new products or services the Board or a committee designated by the Board shall prepare a written analysis of said product or service. The analysis shall, at a minimum, assess include an evaluation of the adequacy of the Bank’s organizational structure, staffing, MIS, internal controls and written policies and procedures to identify, measure, monitor, and control the risks and benefits of associated with the product or service to the Bank. Also, the new product or service must be consistent with the Bank’s strategic planservice.

New Products and Services. (1) Prior to the Bank’s involvement in any new products or services the Board or a committee designated by the Board shall prepare a written analysis of said product or service. The analysis shall, at a minimum, assess include an evaluation of the adequacy of the Bank’s organizational structure, staffing, MIS, internal controls and written policies and procedures to identify, measure, monitor, and control the risks and benefits of associated with the product or service to the Bank. Also, the new product or service must be consistent with the Bank’s strategic planservice.

New Products and Services. (1) Prior to the Bank’s 's involvement in any new products or services services--whether offered through the Bank, an operating subsidiary, an investment partner or the bank holding company-- the Board shall prepare a written analysis of said product or service. The analysis shall, at a minimum, assess include the risks and benefits of the product or service to the Bank. Also, the new product or service must be consistent with the Bank’s strategic plan.following:

New Products and Services. (1) Prior to the Bank’s involvement in 's offering of any new products or services services, or the significant expansion of any existing product or service, the Board shall prepare cause to be prepared a written analysis of said that product or service. The analysis shall, at a minimum, assess include the risks and benefits of the product or service to the Bank. Also, the new product or service must be consistent with the Bank’s strategic plan.following: