Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 2 contracts
Samples: www.federalreserve.gov, www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(aSection 225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Samples: Cecil Bancorp Inc
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, Bank including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe DFCS.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe Consent Order entered into with the Federal Deposit Insurance Corporation (“FDIC”) on January 22, 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's its financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)225.4), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe Consent Order, issued by the Office of the Comptroller of the Currency, to which it stipulated on January 5, 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe Consent Order entered into with the Federal Deposit Insurance Corporation (“FDIC”) dated February 19, 2010 and any other supervisory action taken by the Bank's ’s federal or state regulatorregulators.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, Bank including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe Division.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: Pacific Mercantile Bancorp
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe Consent Order entered into with the Federal Deposit Insurance Corporation (“FDIC”) on March 17, 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp Fincorp shall take appropriate steps to fully utilize Bancorp's Fincorp’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: Four Oaks Fincorp Inc
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe Cease and Desist Order entered into with the Federal Deposit Insurance Corporation on October 19, 2009 and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)225.4), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe consent order to which it stipulated with the Federal Deposit Insurance Corporation and the California Department of Financial Institutions on December 7, 2009, and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, Agreement and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, Agreement and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe DFI.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)225.4), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe consent order entered into with the Federal Deposit Insurance Corporation and the California Department of Financial Institutions on February 11, 2010 and any other supervisory action taken by the Bank's ’s federal or state regulator.. Dividends and Distributions
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, resources pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "“Board of Governors"”) (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Samples: www.federalreserve.gov