Common use of Compliance with the Agreement Clause in Contracts

Compliance with the Agreement. 26. (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. 2620. (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. 2615. (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 ’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 the Bank, as defined in Sections 215.2(e)(1) and section 215.2 (m)(1e)(1) of Regulation O (12 C.F.R. § 215.2(e)(1)) of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1). Governors’ Regulation O. 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 Bankon a monthly basis.

Compliance with the Agreement. 2620. (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 ’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. 2624. (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 ’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. 2613. (a) Within 10 15 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 be comprised of at least three 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 Bankdirectors.

Compliance with the Agreement. 2614. (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 ’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. 2612. (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 ’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 the Bank, as defined in Sections 215.2(e)(1) and section 215.2 (m)(1e)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1)) and 215.2(m)(1). of the Board of Governors’ Regulation O. 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 Bankon a monthly basis.

Compliance with the Agreement. 2611. (a) Within 10 days of this Agreement, the Bancorp's board of directors of the Bank shall appoint a committee (the "Compliance Committee") to monitor and coordinate the BankBancorp'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 The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the Bancorp's board of directors of the Bankdirectors.

Compliance with the Agreement. 2621. (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. 2627. (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 ’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. 2614. (a) Within 10 ten (10) days of the Effective Date of this Agreement, the board of directors of the Bank Board shall appoint a committee (the "Compliance Committee") to monitor and coordinate the Bank's ’s compliance with the provisions of this AgreementAgreement (“Compliance Committee”). The Compliance Committee shall include be comprised of a majority of outside directors who are not executive officers or principal shareholders of 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 0 of the Board of Governors (12 C.F.R. §§ 215.2(e)(1215.2(e)(I) and 215.2(m)(1215.2(m)(I)). At a minimum, the The Compliance Committee shall meet at least monthly, keep or more often as necessary, prepare detailed minutes of each committee meeting, and report its findings to the board of directors of the BankBoard on a monthly basis.

Compliance with the Agreement. 2611. (a) Within 10 days of this Agreement, the Bancorp’ s board of directors of the Bank shall appoint a committee (the "“Compliance Committee"”) to monitor and coordinate the Bank's Bancorp’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 The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the Bancorp’s board of directors of the Bankdirectors.

Compliance with the Agreement. 2613. (a) Within 10 days of this Agreement, the board boards of directors of Ban Corp 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 Ban Corp 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 the Bankdirectors.