Supervisory Agreement Sample Contracts

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Supervisory Agreement (March 13th, 2017)

This Supervisory Agreement (Agreement) is made this 27th day of January, 2010 (Effective Date), by and through the Board of Directors (Board) of Flagstar Bancorp, Inc., Troy, Michigan, OTS Docket No. H2224 (Holding Company) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director).

Services Addendum to Financial and Investor Relations Supervisory Consulting Agreement (November 1st, 2011)

THIS SERVICES ADDENDUM TO THE FINANCIAL AND INVESTOR RELATIONS SUPERVISORY AGREEMENT, of April 7, 2010, between TaxMasters, Inc. and Velvet International, LTD., is made as of this 19th day of May, 2010 WITNESSETH THAT, WHEREAS, the parties have discussed the rendition of services by CONSULTANT in addition to the supervisory services already agreed upon, have negotiated with respect thereto, and have agreed upon the additional services and the compensation therefor, and the parties desire to have a formal agreement to formalize and evidence the terms of their agreements and understandings with respect thereto;

Wsb Holdings Inc – Supervisory Agreement (August 12th, 2011)

This Supervisory Agreement (Agreement) is made this 3rd day of June, 2011, by and through the Board of Directors (Board) of WSB Holdings, Inc., Bowie, Maryland, OTS Docket No. H-4468 (Holding Company) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Southeast Region (Regional Director);

Wsb Holdings Inc – Supervisory Agreement (August 12th, 2011)

This Supervisory Agreement (Agreement) is made this 3rd day of June, 2011, by and through the Board of Directors (Board) of The Washington Savings Bank, FSB, Bowie, Maryland, OTS Docket No. 08173 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Southeast Region (Regional Director);

HMN Financial, Inc. – Supervisory Agreement (March 4th, 2011)

This Supervisory Agreement (Agreement) is made this 22nd day of February, 2011 (Effective Date), by and through the Board of Directors (Board) of Home Federal Savings Bank, Rochester, Minnesota, OTS Docket No. 02818 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director);

HMN Financial, Inc. – Supervisory Agreement (March 4th, 2011)

This Supervisory Agreement (Agreement) is made this 22nd day of February, 2011 (Effective Date), by and through the Board of Directors (Board) of HMN Financial, Inc., Rochester, Minnesota, OTS Docket No. H2309 (Holding Company) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director).

First Place Financial Corp. – Supervisory Agreement (March 3rd, 2011)

This Supervisory Agreement (Agreement) is made this 1st day of March, 2011, by and through the Board of Directors (Board) of First Place Financial Corp, Warren, Ohio, OTS Docket No. H3282 (Holding Company) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director).

First Place Financial Corp. – Supervisory Agreement (March 3rd, 2011)

This Supervisory Agreement (Agreement) is made this 1st day of March, 2011 (Effective Date), by and through the Board of Directors (Board) of First Place Bank, Warren, Ohio, OTS Docket No. 14752 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director);

Supervisory Agreement (February 23rd, 2011)

This Supervisory Agreement (Agreement) is made this 17th day of February, 2011 by and through the Board of Directors (Board) of Wilmington Trust FSB, Baltimore, Maryland, OTS Docket No. 12090 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Southeast Region (Regional Director);

HMN Financial, Inc. – Supervisory Agreement (February 11th, 2011)

This Supervisory Agreement (Agreement) is made this ___ day of ________, 2011, by and through the Board of Directors (Board) of HMN Financial, Inc., Rochester, Minnesota, OTS Docket No. H2309 (Holding Company) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director).

HMN Financial, Inc. – Supervisory Agreement (February 11th, 2011)

This Supervisory Agreement (Agreement) is made this day of ___________, 2011 (Effective Date), by and through the Board of Directors (Board) of Home Federal Savings Bank, Rochester, Minnesota, OTS Docket No. 02818 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director);

Atlantic Coast Federal Corporation – Supervisory Agreement (December 16th, 2010)

This Supervisory Agreement (Agreement) is made this 10th day of December, 2010, by and through the Board of Directors (Board) of Atlantic Coast Bank, Waycross, Georgia, OTS Docket No. 17022 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Southeast Region (Regional Director);

Atlantic Coast Federal Corporation – Supervisory Agreement (December 16th, 2010)

This Supervisory Agreement (Agreement) is made this 10th day of December, 2010, by and through the Board of Directors (Board) of Atlantic Coast Federal, MHC, Waycross, Georgia, OTS Docket No. H-3882 (Holding Company) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Southeast Region (Regional Director);

Malvern Federal Bancorp – Supervisory Agreement (October 25th, 2010)

agreements to ensure the establishment and maintenance of appropriate safeguards in the operation of the entities it regulates; and

Malvern Federal Bancorp – Supervisory Agreement (October 25th, 2010)

This Supervisory Agreement (Agreement) is made this 19 day of October, by and through the Board of Directors (Board) of Malvern Federal Mutual Holding Co., Paoli, Pennsylvania, OTS Docket No. H4485 (Malvern MHC), and Malvern Federal Bancorp, Inc., Paoli, Pennsylvania, OTS Docket No. H4486 (Malvern HC) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Northeast Region (Regional Director);

Brooklyn Federal Bancorp – Supervisory Agreement (October 4th, 2010)

This Supervisory Agreement (Agreement) is made this 28th day of September, by and through the Board of Directors (Board) of BFS Bancorp, MHC, Brooklyn, New York, OTS Docket No. H4158 (BFS-MHC) and Brooklyn Federal Bancorp, Inc., Brooklyn, New York, OTS Docket No. H4159 (BFB Holding Company), and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Northeast Region (Regional Director);

Brooklyn Federal Bancorp – Supervisory Agreement (October 4th, 2010)

This Supervisory Agreement (Agreement) is made this 28th day of September, by and through the Board of Directors (Board) of Brooklyn Federal Savings Bank, Brooklyn, New York, OTS Docket No. 03198 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Northeast Region (Regional Director);

National Consumer Cooperative Bank /Dc/ – Supervisory Agreement (March 19th, 2010)

This Supervisory Agreement (Agreement) is made this 15th day of March, 2010 (Effective Date), by and through the Board of Directors (Board) of NCB, FSB, Hillsboro, Ohio, OTS Docket No. 08527 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director).

Supervisory Agreement (January 28th, 2010)

This Supervisory Agreement (Agreement) is made this 27th day of January, 2010 (Effective Date), by and through the Board of Directors (Board) of Flagstar Bank, FSB, Troy, Michigan, OTS Docket No. 08412 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director).

Supervisory Agreement (January 28th, 2010)

This Supervisory Agreement (Agreement) is made this 27th day of January, 2010 (Effective Date), by and through the Board of Directors (Board) of Flagstar Bancorp, Inc., Troy, Michigan, OTS Docket No. H2224 (Holding Company) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director).

Severn Bancorp Inc – For IMMEDIATE RELEASE Contact: Thomas G. Bevivino Chief Financial Officer & Executive Vice President tbevivino@severnbank.com Severn Bancorp Inc. And Severn Savings Bank Enter Into Supervisory Agreements With Federal Regulators (November 24th, 2009)

ANNAPOLIS, MD (November 24, 2009) -- Severn Bancorp, Inc., (Nasdaq SVBI), parent company for Severn Savings Bank, FSB ("Bank"), announced today that it, along with the Bank, have entered into supervisory agreements with the Office of Thrift Supervision ("OTS"), the Bank's primary federal regulator. The agreements set forth steps being taken in response to regulatory concerns with its operating results and effects of the current economic environment facing the financial services industry.

Supervisory Agreement (July 2nd, 2009)

This written Supervisory Agreement (Agreement) is made this 2nd day of July, 2009, (Effective Date), by and through the Board of Directors (Board) of First Marblehead Corporation, Boston, Massachusetts, OTS Docket No. H-4316, (Holding Company), which owns and controls Union Federal Savings Bank, North Providence, Rhode Island, OTS Docket No. 17338 (Association), and the Office of Thrift Supervision (OTS), a federal bank regulatory agency within the United States Department of the Treasury, acting by and through its Regional Director for the Northeast Region (Regional Director).

Roebling Financial – Supervisory Agreement (June 18th, 2009)

This Supervisory Agreement (Agreement) is made this June 17, 2009 (Effective Date), by and through Roebling Bank, Roebling, New Jersey, OTS Docket No. 06923 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Northeast Region (Regional Director).

Supervisory Agreement (March 13th, 2009)
January 15, 2009 Edward J. Swotek, Senior Vice President Immediately TierOne Bank Enters Into Supervisory Agreement With Federal Regulators (January 15th, 2009)

LINCOLN, NE January 15, 2009 TierOne Corporation (NASDAQ: TONE) (Company), the holding company for TierOne Bank (Bank), announced today the Bank has entered into a supervisory agreement with the Office of Thrift Supervision (OTS), the Banks primary federal regulator, setting forth steps the Bank is taking in response to regulatory concerns with its previous operating results and to address the current economic environment facing the banking and financial industry.

Irwin Financial Corp – Supervisory Agreement (October 14th, 2008)

This Supervisory Agreement (Agreement) is made and is effective this 10th day of October, 2008 (the Effective Date), by and between Irwin Union Bank, F.S.B., Columbus, IN (Irwin Union or the Association) OTS Docket No. 16835, a federal stock savings bank, and the Office of Thrift Supervision (OTS), a bureau of the United States Department of the Treasury, acting through its Central Regional Director or his designee (Regional Director).

MainStreet Financial – Supervisory Agreement (April 9th, 2008)
Springleaf Finance Corp – Supervisory Agreement (June 8th, 2007)

This Supervisory Agreement (Agreement) is made as of June 7, 2007 (the Effective Date), by and among: (i) AIG Federal Savings Bank, Wilmington, Delaware, OTS Docket No. 14939 (the Bank), (ii) Wilmington Finance, Inc., Plymouth Meeting, Pennsylvania (WFI), (iii) American General Finance, Inc., Evansville, Indiana (AGF), and (iv) the OFFICE OF THRIFT SUPERVISION (OTS), a federal bank regulatory agency within the United States Department of the Treasury, acting through its Northeast Regional Director or his designee (Regional Director) and maintaining its Northeast Regional Office at Harborside Financial Center Plaza Five, Suite 1600, Jersey City, New Jersey 07311.

Springleaf Finance Inc – Supervisory Agreement (June 8th, 2007)

This Supervisory Agreement (Agreement) is made as of June 7, 2007 (the Effective Date), by and among: (i) AIG Federal Savings Bank, Wilmington, Delaware, OTS Docket No. 14939 (the Bank), (ii) Wilmington Finance, Inc., Plymouth Meeting, Pennsylvania (WFI), (iii) American General Finance, Inc., Evansville, Indiana (AGF), and (iv) the OFFICE OF THRIFT SUPERVISION (OTS), a federal bank regulatory agency within the United States Department of the Treasury, acting through its Northeast Regional Director or his designee (Regional Director) and maintaining its Northeast Regional Office at Harborside Financial Center Plaza Five, Suite 1600, Jersey City, New Jersey 07311.

TF Financial Corporation – Supervisory Agreement (August 5th, 2005)

This Supervisory Agreement (Agreement) is made as of this 2nd day of August, 2005 (the Effective Date), by and between Third Federal Bank, Newtown, Pennsylvania, a federally-chartered savings bank (Bank), and the Office of Thrift Supervision (OTS), an office within the United States Department of the Treasury, acting through its Northeast Regional Director or his duly authorized designee (Regional Director).

First Clover Leaf Financial – Contract (February 4th, 2005)

EXHIBIT 10.1 SUPERVISORY AGREEMENT This Supervisory Agreement (Agreement) is made and is effective this 16th day of December, 2004 (Effective Date), by and between First Federal Savings and Loan Association of Edwardsville, Edwardsville, Illinois OTS Docket No. 05174 (First Federal or Association), a federally chartered stock savings association, and the Office of Thrift Supervision (OTS), a bureau of the United States Department of the Treasury, acting through its Southeast Regional Director or his designee (Regional Director). WHEREAS, the OTS is the primary federal regulatory of First Federal; WHEREAS, based upon First Federal's August 9, 2004 Report of Examination (Examination), the OTS is of the opinion that First Federal has engaged in acts and practices that are considered to be unsafe and unsound; WHEREAS, the OTS is of the opinion that grounds exist for the initiation of an administrative proceeding again