LOFI definition
Examples of LOFI in a sentence
Bancshares shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the LOFI.
Except as described in the SEC Reports, the Company and its subsidiaries are not subject to any cease-and-desist order, prompt correction action directive, civil money penalty, orders of prohibition, consent order, written agreement, memorandum of understanding, or other enforcement actions or supervisory agreements issued by the Federal Reserve, the FDIC, the LOFI or any other federal or state bank regulatory agency to which the Company or any of its subsidiaries is subject.
The Company has filed with the OTS and LOFI an application on Form H-e(1)-S ("Holding Company Application") promulgated under the savings and loan holding company provisions of the HOLA and the regulations promulgated thereunder, and has received approval of its acquisition of the Association from the OTS and LOFI.
Except as described in the SEC Reports, neither the Company nor any subsidiary is subject to a directive from the FDIC, the Federal Reserve, the LOFI or any other Governmental Authority to make any material change in the method of conducting its business and no such directive is pending or, to the knowledge of the Company, threatened by such authorities.
Within 30 days after the end of each calendar quarter following the date of this Agreement, the board of directors shall submit to the Reserve Bank and the LOFI written [Page Break] progress reports detailing the form and manner of all actions taken to secure compliance with the provisions of this Agreement and the results thereof, and a parent company only balance sheet, income statement, and, as applicable, report of changes in stockholders’ equity.
Within 30 days after the end of each calendar quarter following the date of this Agreement, the board of directors shall submit to the Reserve Bank and the LOFI written progress reports detailing the form and manner of all actions taken to secure compliance with the[PageBreak] provisions of this Agreement and the results thereof, and a parent company only balance sheet, income statement, and, as applicable, report of changes in stockholders' equity.
No order has been issued by the OTS or the LOFI preventing or suspending the use of the Prospectus or the Proxy Statement and no action by or before the OTS or the LOFI revoking such approvals is pending or, to the Association's best knowledge, threatened.
Within 30 days after the end of each calendar quarter following the date of this Agreement, the board of directors shall submit to the Reserve Bank and the LOFI written progress reports detailing the form and manner of all actions taken to secure compliance with the provisions of this Agreement and the results thereof, and a parent company only balance sheet, income statement, and, as applicable, report of changes in stockholders' equity.
Bancshares shall not declare or pay any dividends without the prior written approval of the Reserve Bank, the Director of the Division of Banking Supervision and Regulation of the Board of Governors (the "Director"), and the LOFI.
Bancshares shall not declare or pay any dividends without the prior written approval of the Reserve Bank, the Director of the Division of Banking Supervision and Regulation of the Board of Governors of the Federal Reserve System (the “Director”), and the LOFI.