Common use of Source of Strength Clause in Contracts

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 2 contracts

Samples: www.federalreserve.gov, www.federalreserve.gov

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Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(aSection 225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 2 contracts

Samples: www.federalreserve.gov, www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp Bankshares shall take appropriate steps to fully utilize BancorpBankshares's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 2 contracts

Samples: www.federalreserve.gov, Highlands Bankshares Inc /Va/

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 2 contracts

Samples: www.federalreserve.gov, www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, Bank including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe DFCS.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, resources pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, Agreement and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)225.4), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe consent order entered into with the Federal Deposit Insurance Corporation and the California Department of Financial Institutions on February 11, 2010 and any other supervisory action taken by the Bank's ’s federal or state regulator.. Dividends and Distributions

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, Agreement and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe DFI.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board boards of directors of Bancorp the Companies shall take appropriate steps to fully utilize Bancorp's the Companies' financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of of[PageBreak] Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the BankBank and their national bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe Bureau.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp the Companies shall take appropriate steps to fully utilize Bancorp's the Companies’ financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a225.4 (a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe formal agreement entered into with the Office of the Comptroller of the Currency on January 5, 2009, and any other supervisory action taken by the Bank's ’s federal or state regulator.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's ’s federal or state regulator.

Appears in 1 contract

Samples: Pacific Mercantile Bancorp

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe Cease and Desist Order entered into with the Federal Deposit Insurance Corporation on October 19, 2009 and any other supervisory action taken by the Bank's ’s federal or state regulator.

Appears in 1 contract

Samples: www.federalreserve.gov

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Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)225.4), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe consent order to which it stipulated with the Federal Deposit Insurance Corporation and the California Department of Financial Institutions on December 7, 2009, and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, Bank including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe Division.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 12. The board of directors of Bancorp Corporation shall take appropriate steps to fully utilize Bancorp's Corporation’s financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with all provisions of this Agreement, and any other supervisory action taken by the Bank's federal or state regulatorMOU.

Appears in 1 contract

Samples: Eastern Virginia Bankshares Inc

Source of Strength. 1. The board of directors of Bancorp Bankshares shall take appropriate steps to fully utilize Bancorp's Bankshares' financial and managerial resources, pursuant to section 225.4(aSection 225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the BankBank and Bankshares' other subsidiary bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, Agreement and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe Bureau.

Appears in 1 contract

Samples: Hampton Roads Bankshares Inc

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's its financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)225.4), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreementthe Consent Order, issued by the Office of the Comptroller of the Currency, to which it stipulated on January 5, 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.

Appears in 1 contract

Samples: www.federalreserve.gov

Source of Strength. 1. The board boards of directors of Bancorp the Companies shall take appropriate steps to fully utilize Bancorp's the Companies’ financial and managerial resources, pursuant to section 225.4(a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the BankBank and their national bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal Reserve Bank or state regulatorthe Bureau.

Appears in 1 contract

Samples: Premier Financial Bancorp Inc

Source of Strength. 1. The board of directors of Bancorp shall take appropriate steps to fully utilize Bancorp's ’s financial and managerial resources, pursuant to section 225.4(aSection 225.4 (a) of Regulation Y of the Board of Governors of the Federal Reserve System (the "Board of Governors") (12 C.F.R. § 225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with this Agreement, and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 1 contract

Samples: Cecil Bancorp Inc

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