Representative or nominee definition
Representative or nominee means a per of $20 million or more; (2) offices of depository son who serves as a management official and has institution affiliates of both are located in the same an express or implied obligation to act on behalf of SMSA and either of the depository institution affili another person with respect to management respon ates has total assets of $20 million or more; or (3) sibilities. Whether a person is a “ representative or an office of one of the depository organizations is nominee” depends upon the facts in individual located in the same SMSA as an office of a deposi cases, and the appropriate Federal supervisory tory institution affiliate of the other and either the agency or agencies will determine, after giving the depository organization or the depository institution affected persons an opportunity to respond, whether affiliate has total assets of $20 million or more.