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

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall revise, 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 include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty ninety (6090) days, the Board shall reviseadopt, 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 PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty forty-five (6045) days, the Board shall reviseadopt, 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 sixty forty-five (6045) days, the Board shall reviseadopt, 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 2006, (OCC Bulletin 2006-47), and shall at a minimum include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall revise, 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 Generally Accepted Accounting PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty ninety (6090) days, the Board shall reviseadopt, 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 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall revise, 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 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 at a minimum shall include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty forty-five (6045) days, the Board shall reviseadopt, 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 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 sixty forty-five (6045) days, the Board shall reviseadopt, 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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall reviseadopt, 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 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty one hundred and twenty (60120) days, the Board shall revise, 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 Generally Accepted Accounting PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall revise, 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 Generally Accepted Accounting PrinciplesU.S. generally accepted accounting principles (“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, include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty forty-five (6045) days, the Board shall revise, 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 Generally Accepted Accounting PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty ninety (6090) days, the Board shall reviseadopt, 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 the Federal Accounting PrinciplesStandards Advisory Board’s (“FASB”) generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty [ninety (60) 90)] days, the Board shall reviseadopt, 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 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty forty-five (6045) days, the Board shall reviseadopt, 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), dated December 13, 2006, and at a minimum shall include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall reviseadopt, 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 PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall reviseadopt, 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 “'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 sixty ninety (6090) days, the Board shall reviseadopt, 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 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 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty forty-five (6045) days, the Board shall revise, 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 Generally Accepted Accounting PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall reviseadopt, 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 PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall reviseadopt, 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 sixty forty-five (6045) days, the Board shall reviseadopt, 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 2006, (OCC Bulletin 2006-47), ) (“Interagency Statement”) and shall at a minimum include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty thirty (6030) days, the Board shall revise, 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 Principlesgenerally 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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall revise, 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 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 include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) daysdays of the date of this Agreement, the Board shall reviseadopt, 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 sixty (60) days, the Board shall revise, 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 Generally Accepted Accounting PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) daysdays of the date of this agreement, the Board shall reviseadopt, 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 sixty (60) days, the Board shall reviseadopt, 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 PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall revise, 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 Principlesgenerally 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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty forty-five (6045) daysdays of this Agreement, the Board shall reviseadopt, 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 sixty thirty (6030) days, the Board shall revisedevelop, 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 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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall reviseadopt, 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 Generally Accepted Accounting PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty (60) days, the Board shall reviseadopt, 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 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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty thirty (6030) days, the Board shall reviseadopt, 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 PrinciplesU.S. generally accepted accounting principles (“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, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty thirty (6030) days, the Board shall reviseadopt, 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), dated December 13, 2006, and at a minimum shall include, but not be limited to:

Allowance for Loan and Lease Losses. (1) Within sixty thirty (6030) days, the Board shall reviseadopt, 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: