Source of Strength. 1. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares’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 the FDIC’s Order to Cease and Desist dated October 20, 2009, and any other supervisory action taken by the Bank’s federal or state regulator.
Appears in 1 contract
Samples: Louisiana
Source of Strength. 1. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares’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 the Consent Order issued by the Federal Deposit Insurance Corporation (“FDIC’s Order to Cease and Desist dated October 20”) on December 28, 20092010, and any other supervisory action taken by the Bank’s federal or state regulator.
Appears in 1 contract
Samples: Tidelands Bancshares Inc
Source of Strength. 1. The board of directors of Bancshares 1st Financial shall take appropriate steps to fully utilize Bancshares1st Financial’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 the Consent Order entered into with the Federal Deposit Insurance Corporation (“FDIC’s Order to Cease and Desist dated October 20”) on February 25, 20092010, and any other supervisory action taken by the Bank’s federal or state regulator.
Appears in 1 contract
Samples: 1st Financial Services CORP
Source of Strength. 1. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares’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 the FDIC’s Consent Order to Cease entered into with the FDIC and Desist dated October 20the LOFI on January 29, 2009, 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 Bancshares Reliance shall take appropriate steps to fully utilize Bancshares’s Reliance'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 BankBank and the Thrift, including, but not limited to, taking steps to ensure that the Bank complies with the FDIC’s Consent Order to Cease and Desist entered into with the Federal Deposit Insurance Corporation dated October 20February 14, 20092011, and any other supervisory action taken by the Bank’s 's federal or state regulator or the Thrift's federal regulator.
Appears in 1 contract
Samples: Reliance Bancshares, Inc.
Source of Strength. 1. The board of directors of Bancshares Banc Shares shall take appropriate steps to fully utilize Bancshares’s Banc Shares' 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 the FDIC’s Consent Order to Cease and Desist dated entered into with the Federal Deposit Insurance Corporation on October 2029, 2009, 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 Bancshares Bankshares shall take appropriate steps to fully utilize Bancshares’s Bankshares’ 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 the Consent Order entered into with the Federal Deposit Insurance Corporation (“FDIC’s Order to Cease and Desist dated October 20”) on January 29, 20092010, 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 (a) Bancshares’ board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares’s ’ financial and managerial resources, pursuant to section 38A of the Federal Deposit Insurance Act (the “FDI Act”) (12 U.S.C. § 1831o-1) and 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 the FDIC’s Order to Cease and Desist dated October 20, 2009this 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 Bancshares shall take appropriate steps to fully utilize Bancshares’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 the Consent Order entered into with the Federal Deposit Insurance Corporation ("FDIC’s Order to Cease and Desist dated October 20") on May 5, 20092010, 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 Bancshares Bancorp shall take appropriate steps to fully utilize BancsharesBancorp’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 the FDIC’s Order to Cease consent order entered into with the Federal Deposit Insurance Corporation and Desist dated October 20the California Department of Financial Institutions on March 04, 2009, 2010 and any other supervisory action taken by the Bank’s federal or state regulator.. Dividends and Distributions
Appears in 1 contract
Samples: Heritage Oaks Bancorp
Source of Strength. 1. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares’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 the FDIC’s Consent Order to Cease entered into with the Federal Deposit Insurance Corporation and Desist dated October 20the Commissioner on May 4, 20092010, 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 Bancshares 1st Financial shall take appropriate steps to fully utilize Bancshares’s 1st Financial'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 the Consent Order entered into with the Federal Deposit Insurance Corporation ("FDIC’s Order to Cease and Desist dated October 20") on February 25, 20092010, and any other supervisory action taken by the Bank’s 's federal or state regulator.
Appears in 1 contract
Samples: www.federalreserve.gov