Common use of Allowance for Loan and Lease Losses Clause in Contracts

Allowance for Loan and Lease Losses. (1) Within forty-five (45) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adoptrevise, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principlesGenerally Accepted Accounting Principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within forty-five ninety (4590) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, strengthen its methodology for assessing the adequacy of the Allowance for Loan and thereafter ensure adherence to Lease Losses by adopting and implementing written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) ALLL in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum shall include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five (45) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five ninety (4590) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five (45) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures a program for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five (45) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to revise its written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five one hundred and twenty (45120) days, the Board shall adopt, implement, and thereafter ensure adherence to adopt revised written policies and procedures for maintaining that ensure it maintains an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“"ALLL”") in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “'s "Interagency Policy Statement on the Allowance for Loan and Lease Losses” " dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five (45) days, the Board shall adopt, implement, and thereafter ensure adherence to adopt written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses,” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adoptrevise, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) ALLL in accordance with generally accepted accounting principlesGenerally Accepted Accounting Principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) daysdays of the date of this Agreement, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five ninety (4590) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with the Federal Accounting Standards Advisory Board’s (“FASB”) generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s OCC Bulletin 2006-47, “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47“Interagency Statement”), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five (45) daysdays of this Agreement, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five thirty (4530) days, the Board shall adoptrevise, implement, and thereafter ensure adherence to its written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in OCC Bulletin 2006-47 and the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” Losses dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five thirty (4530) days, the Board shall adoptdevelop, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in OCC Bulletin 2006-47 and the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, review the methodology and thereafter ensure adherence to written policies and procedures for maintaining an adequate adequacy of the Bank’s Allowance for Loan and Lease Losses (“ALLL”) and shall establish a program for the maintenance of an adequate ALLL balance in accordance with generally accepted accounting principles. The ALLL policies This review and procedures program shall be consistent with the guidance set forth in OCC Bulletin 2006-47, the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated (December 13, 2006 (OCC Bulletin 2006-47), (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five thirty (4530) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), dated December 13, 2006, and shall at a minimum shall include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to develop written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” Losses dated December 13, 2006 (OCC Bulletin 2006-47)) (“Interagency Statement”) and shall, and shall at a minimum minimum, include:

Allowance for Loan and Lease Losses. (1) Within forty-five thirty (4530) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five ninety (4590) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five (45) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), dated December 13, 2006, and shall at a minimum shall include:

Allowance for Loan and Lease Losses. (1) Within forty-five (45) days, the Board shall adopt, implement, and thereafter ensure adherence to adopt written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five [ninety (45) 90)] days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to adopt a written policies and procedures program for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance guidelines set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The Bank’s ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) daysdays of the date of this agreement, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five thirty (4530) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance guidelines set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate appropriate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five sixty (4560) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with U.S. generally accepted accounting principlesprinciples (“GAAP”). The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination CouncilFFIEC’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include:

Allowance for Loan and Lease Losses. (1) Within forty-five (45) days, the Board shall adopt, implement, and thereafter ensure adherence to written policies and procedures for maintaining an adequate Allowance for Loan and Lease Losses (“ALLL”) in accordance with generally accepted accounting principles. The ALLL policies and procedures shall be consistent with the guidance set forth in the Federal Financial Institutions Examination Council’s “Interagency Policy Statement on the Allowance for Loan and Lease Losses” dated December 13, 2006 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include: