AGREEMENT BY AND BETWEEN The Conway National Bank Conway, South Carolina and The Comptroller of the CurrencyAgreement by And • June 10th, 2011 • CNB Corp /Sc/ • National commercial banks
The Conway National Bank, Conway, South Carolina ("Bank"), and the Comptroller of the Currency of the United States of America ("Comptroller") wish to protect the interests of the depositors, other customers, and shareholders of the Bank, and, toward that end, wish the Bank to operate safely and soundly and in accordance with all applicable laws, rules and regulations. The Comptroller, through his National Bank Examiner, has examined the Bank and his findings are contained in the Report of Examination ("ROE") for the examination that commenced on July 26, 2010. The Comptroller has found unsafe and unsound banking practices relating to credit administration and risk management systems at the Bank. In consideration of the above premises, it is agreed, between the Bank, by and through its duly elected and acting Board of Directors ("Board"), and the Comptroller, through his authorized representative, that the Bank shall operate at all times in compliance with the articles of this Agreem
