Common use of CONCENTRATIONS OF CREDIT Clause in Contracts

CONCENTRATIONS OF CREDIT. (1) Within ninety (90) days of the date of this Agreement, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with the "Concentrations of Credit" booklet of the Comptroller's Handbook (December, 2011). The program shall include, but not necessarily be limited to, the following:

Appears in 2 contracts

Samples: Agreement by And, Agreement by and Between (Riverview Bancorp Inc)

AutoNDA by SimpleDocs

CONCENTRATIONS OF CREDIT. (1) Within ninety (90) days of the date of this Agreement, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with Appendix F of the "Concentrations of Credit" booklet Real Estate and Construction Lending Booklet of the Comptroller's ’s Handbook (December, 2011formerly OCC Banking Circular 255). The program shall include, but not necessarily be limited to, the following:

Appears in 1 contract

Samples: Agreement by And

CONCENTRATIONS OF CREDIT. (1) Within ninety (90) days of the date of this Agreement, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with the "Concentrations of Credit" booklet of the Comptroller's Handbook (December, 2011). The program shall includeto identify and stratify concentrations based on, but not necessarily be limited toto industry, the following:geography, collateral, structure of credit facility, and loans to affiliated borrowers.

Appears in 1 contract

Samples: www.occ.gov

CONCENTRATIONS OF CREDIT. (1) Within ninety sixty (9060) days of the date of this Agreementagreement, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with the "Concentrations of Credit" booklet Credit (Section 216)” of the Comptroller's Handbook (December, 2011)’s Handbook. The program shall include, but not necessarily be limited to, the following:

Appears in 1 contract

Samples: www.occ.gov

AutoNDA by SimpleDocs

CONCENTRATIONS OF CREDIT. (1) Within ninety sixty (9060) days of from the date of this Agreement, the Board shall adopt, implement, revise and thereafter ensure Bank adherence to a its written asset diversification program consistent with safe and sound banking practices and the "Concentrations risk diversification guidelines set forth in the Loan Portfolio Management and Concentration of Credit" booklet Credits booklets of the Comptroller's Handbook (December, 2011)’s Handbook. The revised program shall include, but not necessarily be limited to, the following:

Appears in 1 contract

Samples: www.occ.gov

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!