Source of Strength. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' 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 the Consent Order entered into with the Federal Deposit Insurance Corporation and the Commissioner on May 4, 2010, and any other supervisory action taken by the Bank's federal or state regulator.
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Samples: Written Agreement
Source of Strength. The Bancshares’ board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' ’ financial and managerial resources, pursuant to section 225.4 38A of the Federal Deposit Insurance Act (athe “FDI Act”) (12 U.S.C. § 1831o-1) and 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 the Consent Order entered into with the Federal Deposit Insurance Corporation and the Commissioner on May 4, 2010this Agreement, and any other supervisory action taken by the Bank's ’s federal or state regulatorregulators.
Appears in 1 contract
Samples: Written Agreement
Source of Strength. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' ’ financial and managerial resources, pursuant to section 225.4 38A of the Federal Deposit Insurance Act, as amended, (athe “FDI Act”) (12 U.S.C. § 1831o-1) and 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 the Consent Order entered into with the Federal Deposit Insurance Corporation and the Commissioner on May 4, 2010, this Agreement and any other supervisory action taken by the Bank's ’s federal or state regulatorregulators.
Appears in 1 contract
Samples: Written Agreement
Source of Strength. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' '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 the Consent Order entered into with the Federal Deposit Insurance Corporation and the Commissioner ("FDIC") on May 45, 2010, and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Samples: Written Agreement
Source of Strength. The Bancshares’ board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' ’ financial and managerial resources, pursuant to section 225.4 38A of the Federal Deposit Insurance Act (athe “FDI Act”) (12 U.S.C. § 1831o-1) and 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 the Consent Order entered into with the Federal Deposit Insurance Corporation and the Commissioner on May 4, 2010this Agreement, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: Written Agreement
Source of Strength. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' ’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 the Consent FDIC’s Order entered into with the Federal Deposit Insurance Corporation to Cease and the Commissioner on May 4Desist dated October 20, 20102009, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: Written Agreement
Source of Strength. The board of directors of Bancshares Bancorporation shall take the appropriate steps to fully utilize Bancshares' Bancorporation’s financial and managerial resources, pursuant to section 225.4 38A of the Federal Deposit Insurance Act, as amended (a“the FDI Act”) (12 U.S.C. § 1831o-1) and 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 the Consent Order entered into with the Federal Deposit Insurance Corporation and the Commissioner on May 4, 2010this Agreement, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Samples: Written Agreement