PROBLEM LOAN MANAGEMENT. (1) Effective as of the date of this Agreement, the Board shall take immediate and continuing action to protect its interest in those assets criticized in the XXX, in any subsequent Report of Examination, by internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination.
PROBLEM LOAN MANAGEMENT. (1) Effective as of the date of this Agreement, the Board shall take immediate and continuing action to protect the Bank’s interest in those assets criticized in any Report of Examination (XXX), management assessment, internal or external loan review, or in any list provided to management by the National Bank Examiners during an examination.
PROBLEM LOAN MANAGEMENT. (1) Within thirty (30) days of the date of this Agreement, the Board shall establish a plan that will reduce the volume of problem assets by ensuring that management promptly addresses and intervenes, as appropriate, to resolve problem credit situations consistent with OCC Banking Circular 255.
PROBLEM LOAN MANAGEMENT. Introduction Problem loans exhibit a higher than usual potential for loss due to a variety of unfavorable factors. Preservation of GMS Finance’s capital requires prompt identification and active management of these credit exposures.
PROBLEM LOAN MANAGEMENT. (1) Within ninety (90) days, the Board shall require the Bank to improve the problem loan management program governing criticized and classified loans in an effort to protect its interest in those assets criticized in the November 2, 2009, Report of Examination that are still rated as criticized assets, by external loan review or in any list provided to management by the National Bank Examiners during any subsequent examination.
PROBLEM LOAN MANAGEMENT. (1) Within thirty (30) days of the date of this Agreement, the Bank shall take action to protect its interest in those assets criticized in the XXX, in any subsequent XXX, by internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination.
PROBLEM LOAN MANAGEMENT. (1) Within forty-five (45) days, the Board shall review, in concert with Article III, the demonstrated experience and skills of those individuals that have responsibility for managing problem commercial loans and the Board will determine whether outside expertise is necessary for more complex commercial and commercial real estate borrowers and transactions.
PROBLEM LOAN MANAGEMENT. (1) Within ninety (90) days of the date of this Agreement, the Board shall prepare and submit to the ADC for review and prior written determination of no supervisory objection, a written program designed to identify and manage the Bank’s problem assets to maintain safe and sound levels (the “Problem Assets Program”). The Problem Assets Program shall include policies and procedures for developing action plans for each problem credit that would contain the following information:
PROBLEM LOAN MANAGEMENT. (1) Within thirty (30) days of this Agreement, the Board shall submit the name and qualifications of the proposed individual pursuant to paragraph (2) of this Article to the Assistant Deputy Comptroller for a prior written determination of no objection.
