Common use of COMPLIANCE COMMITTEE Clause in Contracts

COMPLIANCE COMMITTEE. (1) By May 15, 2021, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July 30, 2021, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15, 20212024, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July June 30, 20212024, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15November 30, 20212024, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July 30February 28, 20212025, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15, 2021Within ten (10) days of the date of this Agreement, the Board shall appoint a Compliance Committee submit to the Assistant Deputy Comptroller (“ADC”) for review and prior written determination of no supervisory objection at least three (3) acceptable potential members of which a majority Compliance Committee. Committee members shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official the names of the members of the Compliance Committee within . (2) Within ten (10) days following receipt of their appointmentthe ADC’s written determination of no supervisory objection to the potential committee members, the Board shall appoint a Compliance Committee. The Compliance Committee shall consist of at least three (3) members. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official ADC, copying the portfolio manager, within ten (10) days the name of any resigning or potential new or resigning committee member. . (3) The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (24) By July 30, 2021Within ninety (90) days of the date of this Agreement, and thereafter within thirty sixty (3060) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (35) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official ADC within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15December 1, 20212019, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliatessubsidiaries. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller (“ADC”) the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official ADC within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July 30January 31, 20212020, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official ADC within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15March 31, 2021, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July 30June 1, 2021, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15, 2021Within ten (10) days of this Agreement, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July August 30, 20212024, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May December 15, 20212022, the Board shall appoint a Compliance Committee of at least three (3) members members, of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller “ADC” the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official ADC within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly monthly and maintain minutes of all of its meetings. (2) By July 30January 31, 20212023, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official ADC within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15, 2021Within thirty (30) days, the Board shall appoint a Compliance Committee of at least three (3) members directors, of which a majority no more than one shall be directors who are not employees or officers of the Bank or any of its subsidiaries affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or affiliatesa family member of any such person. The Board shall submit in writing to the appropriate OCC official Upon appointment, the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit be submitted in writing to the appropriate OCC official within ten (10) days the name of any new or resigning committee memberAssistant Deputy Comptroller. The Compliance Committee shall monitor be responsible for monitoring and oversee coordinating the Bank’s compliance with 's adherence to the provisions of this Agreement. . (2) The Compliance Committee shall meet at least quarterly and maintain minutes of its meetingsmonthly. (23) By July 30December 31, 20212001, and thereafter within thirty (30) days after the every calendar quarter-end of each quarterthereafter, the Compliance Committee shall submit to the Board a written progress report to the Board setting forth in detail: (a) a description of the corrective actions needed taken to achieve compliance comply with each Article of this Agreement; (b) the specific corrective results of those actions; and (c) a description of the actions undertaken needed to comply achieve full compliance with each Article of this Agreement; and (c) the results and status of the corrective actions. (34) Upon receiving each written The progress report, report should also include any actions initiated by the Board shall forward a and the Bank pursuant to Articles III and IV of this Agreement. A copy of the reportprogress report shall be forwarded to the Assistant Deputy Comptroller. (5) The Compliance Committee’s meeting minutes and progress reports, along with any additional comments made by the Board, to shall be retained in the appropriate OCC official within ten (10) days of the first Board meeting following the BoardBank’s receipt of such reportrecords for review by National Bank Examiners.

COMPLIANCE COMMITTEE. (1) By May 15August 31, 2021, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July September 30, 2021, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15October 31, 20212023, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July 30December 31, 20212023, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15October 31, 20212023, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly monthly and maintain minutes of its meetings. (2) By July November 30, 20212023, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. ‌ (1) By May 15, 2021Within ten (10) days of this Agreement, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly monthly and maintain minutes of its meetings. (2) By July 30August 15, 20212019, and thereafter within thirty forty-five (3045) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.

COMPLIANCE COMMITTEE. (1) By May 15March 31, 2021, the Board shall appoint a Compliance Committee of at least three (3) members of which a majority shall be directors who are not employees or officers of the Bank or any of its subsidiaries or affiliates. The Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller the names of the members of the Compliance Committee within ten (10) days of their appointment. In the event of a change of the membership, the Board shall submit in writing to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days the name of any new or resigning committee member. The Compliance Committee shall monitor and oversee the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall meet at least quarterly and maintain minutes of its meetings. (2) By July April 30, 2021, and thereafter within thirty (30) days after the end of each quarter, the Compliance Committee shall submit to the Board a written progress report setting forth in detail: (a) a description of the corrective actions needed to achieve compliance with each Article of this Agreement; (b) the specific corrective actions undertaken to comply with each Article of this Agreement; and (c) the results and status of the corrective actions. (3) Upon receiving each written progress report, the Board shall forward a copy of the report, with any additional comments by the Board, to the appropriate OCC official Assistant Deputy Comptroller within ten (10) days of the first Board meeting following the Board’s receipt of such report.