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.
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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 (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.
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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 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
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 (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 regulatorregulators.
Appears in 1 contract
Samples: www.federalreserve.gov
Source of Strength. 1. The 3.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 (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 all provisions of this Agreement, and any other supervisory action taken by the Bank's federal or state regulatorMOU.
Appears in 1 contract
Samples: Hampton Roads 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 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 regulator.the Commissioner. Corporate Governance and Management Review
Appears in 1 contract
Samples: Written Agreement
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 (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 regulatorregulators.
Appears in 1 contract
Samples: Eastern Virginia Bankshares Inc
Source of Strength. 1. The board of directors of Bancorp Bancshares shall take appropriate steps to fully utilize Bancorp's its financial and managerial resourcesresources to assist the Bank in functioning in a safe and sound manner, 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 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 Bankshares shall take appropriate steps to fully utilize Bancorp's Bankshares' financial and managerial resources, pursuant to section 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 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 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 (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 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 Bankshares shall take appropriate steps to fully utilize Bancorp's Bankshares’ financial and managerial resources, pursuant to section 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 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: www.federalreserve.gov
Source of Strength. 1. The board of directors of Bancorp Bankshares shall take appropriate steps to fully utilize BancorpXxxxxxxxxx'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 1 contract
Samples: www.federalreserve.gov