OREO definition
OREO means other real estate owned.
OREO has the meaning set forth in Section 3.22(b).
OREO mean real estate or loans secured by real estate that are classified or would be classified, under bank regulatory accounting principles, as: “loans to facilitate”; “other real estate owned”; “in-substance foreclosure”; “in-substance repossession”; foreclosed real estate; and real estate acquired for debts previously contracted.
Examples of OREO in a sentence
The Borrower will not permit the ratio of Non-Performing Loans plus OREO to Tangible Capital of the Borrower and the Subsidiary Banks (on a consolidated basis), expressed as a percentage, as of the last day of the fiscal quarter ending December 31, 2025 and the last day of each fiscal quarter thereafter, to be greater than 12.00%.
More Definitions of OREO
OREO means, of any Bank Subsidiary, all real estate other than premises owned or controlled by such Bank Subsidiary and its consolidated Subsidiaries and direct and indirect investments of such Bank Subsidiary and Subsidiaries in real estate ventures, in each case to the extent included in OREO Amount.
OREO means “other real estate owned” or words of similar import as reflected in the Southwest Financial Statements.
OREO means real estate acquired through foreclosure or in lieu of foreclosure, including in-substance foreclosures.
OREO has the meaning set forth in Section 3.15.
OREO has the meaning set forth in Section 4.1(d) hereto.
OREO means other real estate owned, as such real estate is classified on the books of Seller.
OREO shall have the meaning given such term in Section 3.13.