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

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

Appears in 19 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

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Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Department.

Appears in 11 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve Bank.

Appears in 8 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Commissioner.

Appears in 7 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Bureau.

Appears in 7 contracts

Samples: Written Agreement (Cordia Bancorp Inc), Written Agreement (Community Bankers Trust Corp), Written Agreement (New Peoples Bankshares Inc)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the DFI.

Appears in 6 contracts

Samples: Written Agreement, Written Agreement (Baylake Corp), Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Commissioner.

Appears in 6 contracts

Samples: Written Agreement (Community Capital Corp /Sc/), Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Division.

Appears in 6 contracts

Samples: Written Agreement, Written Agreement (Guaranty Bancorp), Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Department.

Appears in 5 contracts

Samples: Written Agreement (Tower Financial Corp), Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the OFR.

Appears in 5 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Division.

Appears in 4 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Division.

Appears in 4 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

Appears in 4 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Division.

Appears in 4 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Commissioner.

Appears in 3 contracts

Samples: Written Agreement, Written Agreement (Newnan Coweta Bancshares Inc), Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the OFR.

Appears in 3 contracts

Samples: Written Agreement, Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the The Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve Bank.

Appears in 3 contracts

Samples: Written Agreement, Written Agreement, Written Agreement (Highlands Bankshares Inc /Va/)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Bureau.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Superintendent.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the DFCS.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the the[PageBreak] Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Commissioner.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the OFR.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement (Marco Community Bancorp Inc)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any subsequent federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the OFR.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the DFI.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and OFIR.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the report of the examination of the Bank that closed on December 16, 1999 (the "Report of Examination that Examination"), which have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge charge-off all assets classified "loss", unless otherwise approved in writing by the Reserve Bank.

Appears in 2 contracts

Samples: Written Agreement (United Bancshares Inc /Pa), Written Agreement (United Bancshares Inc /Pa)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the DFCS.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report Reports of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve Bank.

Appears in 2 contracts

Samples: Written Agreement, Written Agreement (Valley Financial Corp /Va/)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the The Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Commissioner.

Appears in 1 contract

Samples: Written Agreement (Four Oaks Fincorp Inc)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report Reports of Examination that have not been previously collected in full or charged off. Thereafter the The Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Bureau.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report Reports of Examination that have not been previously collected in full or charged off. Thereafter the The Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Bureau.

Appears in 1 contract

Samples: Written Agreement (Central Virginia Bankshares Inc)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any relevant federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve Bank.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the The Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve Bank.Bank.[PageBreak]

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any relevant federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Division.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss," unless otherwise approved in writing to do otherwise by the Reserve BankBank and the Division.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report Reports of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Bureau.

Appears in 1 contract

Samples: Written Agreement (Hampton Roads Bankshares Inc)

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Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.Bank and the OFR. [Page Break]

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Asset[PageBreak] Quality Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the OFIR.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the The Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the OSBC.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” and 50 percent of loans classified as “doubtful”, unless otherwise approved in writing by the Reserve BankBank and the Division.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.Bank and the Commissioner

Appears in 1 contract

Samples: Written Agreement (Cecil Bancorp Inc)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any relevant federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Banking Department.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the The Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

Appears in 1 contract

Samples: Written Agreement (Florida Bank Group, Inc.)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any relevant federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Division.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any subsequent federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Division.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 30 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Department.

Appears in 1 contract

Samples: Written Agreement (Centrue Financial Corp)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the OFIR.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the [Page Break] Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.Bank and the Department. [Page Break]

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Commissioner.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter the The Bank shall, shall,[PageBreak] within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve Bank.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report Reports of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Bureau.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the Department.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, Bankshares and the Bank shall eliminate from its their books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Inspection and Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, Bankshares and the Bank shall, within 30 days from the receipt of any relevant federal report of inspection or examination, or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Division, as applicable.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all portions of assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the Department.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any relevant federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the OFR.

Appears in 1 contract

Samples: Written Agreement

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Asset Quality Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve BankBank and the OFIR.

Appears in 1 contract

Samples: Written Agreement (Citizens Republic Bancorp, Inc.)

Allowance for Loan and Lease Losses. Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified "loss" in the Report of Examination that have not been previously collected in full or charged off. Thereafter Thereafter, the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified "loss" unless otherwise approved in writing by the Reserve BankBank and the OFR.

Appears in 1 contract

Samples: Written Agreement

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