CHIEF CREDIT OFFICER. (1) If the chief credit officer position is or at any time becomes vacant, the Board shall, within sixty (60) days of such vacancy, appoint a capable person to the vacant position who shall be vested with the executive authority to ensure the Bank’s compliance with this Agreement and the safe and sound operation of functions within the scope of the position’s responsibility.
(2) Prior to the appointment of any individual to the chief credit officer position, the Board must comply with the requirements of 12 C.F.R. Part 163, Subpart H and shall submit to the Assistant Deputy Comptroller the following information:
(a) a written description of the chief credit officer’s duties, responsibilities, and lines of authority;
(b) a written analysis completed by the Board which details the skills and experience necessary for an individual to fulfill the duties and responsibilities of the position; and
(c) a written statement of the Board’s reasons for selecting the proposed individual.
(3) Pursuant to 12 U.S.C. § 1831i and 12 C.F.R. Part 163, Subpart H, the Assistant Deputy Comptroller shall have the authority to issue a notice of disapproval with respect to the appointment of the proposed new senior loan officer. However, the lack of disapproval of such individual shall not constitute an approval or endorsement of the proposed chief credit officer.
(4) If the Board is unable to locate an acceptable person to fill the chief credit officer position within the timeframes required by this Article, despite its best efforts, it shall not be a violation of this Article so long as the Board documents its efforts to locate appropriate candidates. Thereafter, the Board shall provide quarterly reports to the Assistant Deputy Comptroller summarizing its continuing efforts to locate such candidates.
CHIEF CREDIT OFFICER. (1) Within sixty (60) days, the Board shall appoint a capable chief credit officer who shall be vested with sufficient executive authority to fulfill the duties and responsibilities of the position and ensure the safe and sound operation of functions within the scope of the position’s responsibility.
(2) Prior to the appointment of any individual to the chief credit officer position, the Board shall submit to the Assistant Deputy Comptroller the following information:
(a) a written description of the chief credit officer’s duties, responsibilities, and lines of authority;
(b) a written analysis completed by the Board which details the skills and experience necessary for an individual to fulfill the duties and responsibilities of the position;
(c) a written statement of the Board’s reasons for selecting the proposed individual; and
(d) the information sought in the “Changes in Directors and Senior Executive Officers” and “Background Investigations” booklets of the Comptroller’s Licensing Manual, and any other requested information for the proposed individual.
(3) Pursuant to 12 U.S.C. § 1831i and 12 C.F.R. § 5.51, the Assistant Deputy Comptroller shall have the authority to issue a notice of disapproval with respect to the appointment of the proposed chief credit officer. However, the lack of disapproval of such individual shall not constitute an approval or endorsement of the proposed chief credit officer.
(4) If the chief credit officer position is or at any time becomes vacant, the Board shall, within sixty (60) days of such vacancy, appoint a capable person to the vacant position who shall be vested with the executive authority to ensure the Bank’s compliance with this Agreement and the safe and sound operation of functions within the scope of the position’s responsibility.
(5) If the Board is unable to locate an acceptable person to the chief credit officer position within the timeframes required by this Article, despite its best efforts, the Board shall document its efforts to locate appropriate candidates. Thereafter, the Board shall provide quarterly reports to the Assistant Deputy Comptroller summarizing its continuing efforts to locate such candidates.
CHIEF CREDIT OFFICER. The Chief Credit Officer administers and coordinates the activities of the organization in support of policies, goals, and objectives established by the President and the Board of Directors by performing the following duties personally or through subordinate managers. Is responsible for the quality and profitability of the Bank's loan portfolio. Responsible for the management, supervision and direction of all loan activities and supervises loan department managers. Essential Duties and responsibilities include:
CHIEF CREDIT OFFICER. This Employment and Confidentiality Agreement (the “Agreement”) is made and entered into as of September 6, 2007 (the “Effective Date”) by and between Community West Bank, a Nationally Chartered Bank and wholly owned subsidiary of Community West Bancshares (the “Bank”), Community West Bancshares, a California corporation (“Parent”) and Xxxxxxx X. Favor (“Executive”).
CHIEF CREDIT OFFICER. (1) Within sixty (60) days of this Agreement, the Board shall identify a qualified and capable candidate for Chief Credit Officer of the Bank, and submit the information required by Paragraph (2) of this Article. The candidate shall be employed and vested with sufficient authority to fulfill the duties and responsibilities of the position and ensure the safe and sound operation of the Bank, following review and written no objection by the Assistant Deputy Comptroller, as provided in this Article.
(2) Prior to the employment of any individual as Chief Credit Officer, the Board shall submit to the Assistant Deputy Comptroller the following information:
(a) the information sought in the “Changes in Directors and Senior Executive Officers” booklet of the Comptroller’s Corporate Manual, together with a legible fingerprint card for the proposed individual;
(b) a written statement of the Board's reasons for selecting the proposed officer; and
(c) a written description of the proposed officer's duties and responsibilities.