Common use of Compliance with the Agreement Clause in Contracts

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in Sections 215.2(e)(1) and 215.2 (m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

Compliance with the Agreement. 1624. (a) Within 10 days of this Agreement, Bancorp's and the board Bank's boards of directors of the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and[PageBreak] coordinate Bancorp's and coordinate the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include consist of a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, Bank as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of Bancorp's and the Bank's boards of directors.

Compliance with the Agreement. 1614. (a) Within 10 days of this Agreement, the board boards of directors of Bankshares and the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bankshares's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bankshares and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bankshares and the Bank.

Compliance with the Agreement. 1621. (a) Within 10 days of this Agreement, Bancshares’ and the board Bank’s boards of directors of the Bank shall appoint a joint compliance committee (the “Compliance Committee”) to monitor and coordinate Bancshares’ and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancshares and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancshares and the Bank.

Compliance with the Agreement. 1612. (a) Within 10 days of this Agreement, the board boards of directors of Xxxxx and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Xxxxx’x and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of at least three outside directors who are not executive officers or principal shareholders of Xxxxx or the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of the Bankdirectors.

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(l) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1215.2(m)(l)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, the board Bancorp's and the Bank's boards of directors of the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of Bancorp's and the Bank's boards of directors.

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, First Banks’ and the board Bank’s boards of directors of the Bank shall appoint a joint compliance committee (the “Compliance Committee”) to monitor and coordinate First Banks’ and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of First Banks and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthlyquarterly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of First Banks and the Bank.

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Bancorp’s and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp or the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O 0 of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

Compliance with the Agreement. 1611. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a compliance committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of at least three outside directors who are not executive officers or principal shareholders of AmericasBank Corporation, Towson, Maryland or the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bankdirectors.

Compliance with the Agreement. 1621. (a) Within 10 days of this Agreement, the board boards of directors of Bankshares and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of [Page Break] Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

Compliance with the Agreement. 1620. (a) Within 10 days of this Agreement, Bancshares' and the board Bank's boards of directors of the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bancshares' and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include consist of a majority of outside directors who are not executive officers or principal shareholders of Bancshares and the Bank, Bank as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of Bancshares' and the Bank's boards of directors.

Compliance with the Agreement. 1614. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers of Bancorp or the Bank or principal shareholders of the BankBancorp, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 1618. (a) Within 10 days of this Agreement, Bancorp's and the board Bank's boards of directors of the Bank shall appoint a joint compliance committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive executive[PageBreak] officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 1626. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank. Bancorp and the Bank shall notify the Reserve Bank and the Department in writing of the composition of the Compliance Committee at the time that the members are appointed.

Compliance with the Agreement. 1620. (a) Within 10 days of this Agreement, Bancorp’s and the board Bank’s boards of directors of the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Bancorp’s and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 1620. (a) Within 10 days of this Agreement, Bancshares’ and the board Bank’s boards of directors of the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Bancshares’ and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include consist of a majority of outside directors who are not executive officers or principal shareholders of Bancshares and the Bank, Bank as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of Bancshares’ and the Bank’s boards of directors.

Compliance with the Agreement. 1618. (a) Within 10 days of this Agreement, the board boards of directors of Bankshares and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bankshares and the Bank, as defined in Sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

Compliance with the Agreement. 1612. (a) Within 10 days of this Agreement, the board boards of directors of Xxxxx and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Xxxxx’x and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of at least three outside directors who are not executive officers or principal shareholders of Xxxxx or the Bank, as defined in Sections 215.2(e)(1sections 215.2(e)(l) and 215.2 (m)(1215.2(m)(l) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1215.2(e)(l) and 215.2(m)(1215.2(m)(l)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of the Bankdirectors.

Compliance with the Agreement. 1619. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a compliance committee (the “"Compliance Committee”") to monitor and coordinate the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

Compliance with the Agreement. 1621. (a) Within 10 30 days of this Agreement, the board boards of directors of BankEast and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate BankEast’s and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of BankEast and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of BankEast and the Bank.

Compliance with the Agreement. 1612. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Bancorp’s and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive [Page Break] officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 1617. (a) Within 10 days of this Agreement, the board boards of directors of BOI and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate BOI’s and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of BOI and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of BOI and the Bank.

Compliance with the Agreement. 1614. (a) Within 10 days of this Agreement, Centrue's and the board Bank's boards of directors of the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Centrue' and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Centrue and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Centrue and the Bank.

Compliance with the Agreement. 1620. (a) Within 10 days of this Agreement, Bancshares’ and the board Bank’s boards of directors of the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Bancshares’ and the Bank’s compliance with the provisions of this Agreement. The [Page Break] Compliance Committee shall include consist of a majority of outside directors who are not executive officers or principal shareholders of Bancshares and the Bank, Bank as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of Bancshares’ and the Bank’s boards of directors.

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp or the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.Bank.[PageBreak]

Compliance with the Agreement. 1619. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, Bancorp's and the Bank's board of directors of the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp or the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of Bancorp's and the Bank.'s boards of directors.[PageBreak]

Compliance with the Agreement. 1615. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1215.2(m)(l)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 1612. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Bancorp’s and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate Bancorp’s and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)) . At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 1621. (a) Within 10 days of this Agreement, the board boards of directors of NPBI and the Bank shall appoint a joint committee (the “"Compliance Committee”") to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers of NPBI or the Bank or principal shareholders of the BankNPBI, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of the NPBI and the Bank.

Compliance with the Agreement. 1619. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in Sections 215.2(e)(1) and 215.2 (m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

Compliance with the Agreement. 1615. (a) Within 10 days of this Agreement, Bancorp's and the board Bank's boards of directors of the Bank shall appoint a joint compliance committee (the “"Compliance Committee”") to monitor and coordinate Bancorp's and the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Bancorp and the Bank.

Compliance with the Agreement. 1620. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint compliance committee (the “Compliance Committee”) to monitor and coordinate Bancorp’s and the Bank’s compliance with the provisions of this Agreement, as applicable. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Bancorp and the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of Bancorp and the Bank.

Compliance with the Agreement. 1619. (a) Within 10 days of this Agreement, the board boards of directors of FBC and the Bank shall appoint a joint committee (the “Compliance Committee”) to monitor and coordinate FBC’s and the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in Sections sections 215.2(e)(1) and 215.2 (m)(1215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.