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 ("FDIC") on May 5, 2010, and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Sources: Written Agreement
Source of Strength. The board of directors of Bancshares Bancorp shall take appropriate steps to fully utilize Bancshares's 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 the Consent Order entered into with the Federal Deposit Insurance Corporation ("“FDIC"”) on May 5dated February 19, 2010, 2010 and any other supervisory action taken by the Bank's ’s federal or state regulatorregulators.
Appears in 1 contract
Sources: Written Agreement
Source of Strength. The board of directors of Bancshares Bancorp shall take appropriate steps to fully utilize Bancshares's 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 the Consent Order entered into with the Federal Deposit Insurance Corporation ("“FDIC"”) on May 5January 22, 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Sources: 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 ("FDIC") and the Commissioner on May 54, 2010, and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Sources: Written Agreement
Source of Strength. The board of directors of Bancshares Bancorp shall take appropriate steps to fully utilize Bancshares's 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 the Consent Order entered into with the Federal Deposit Insurance Corporation ("“FDIC"”) on May 5March 17, 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Sources: Written Agreement
Source of Strength. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares'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 the Consent FDIC’s Order entered into with the Federal Deposit Insurance Corporation ("FDIC") on May 5to Cease and Desist dated October 20, 20102009, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Sources: Written Agreement
Source of Strength. The board of directors of Bancshares Bancorp shall take appropriate steps to fully utilize BancsharesBancorp'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 Order entered into with the Federal Deposit Insurance Corporation ("FDIC") on May 5August 27, 2010, 2010 and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Sources: 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 Order entered into with the Federal Deposit Insurance Corporation ("FDIC") FDIC and the LOFI on May 5January 29, 2010, 2010 and any other supervisory action taken by the Bank's federal or state regulator.
Appears in 1 contract
Sources: Written Agreement
Source of Strength. The board boards of directors of Bancshares the Companies shall take appropriate steps to fully utilize Bancshares's the Companies’ financial and managerial resources, pursuant to section 225.4 38A of the FDI Act (a12 U.S.C. § 1830o-1) of and 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 the Consent Order entered into with issued jointly by the Federal Deposit Insurance Corporation ("FDIC") and the Commissioner on May 513, 20102011, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Sources: Placement Agency Agreement
Source of Strength. The board of directors of Bancshares Bankshares shall take appropriate steps to fully utilize Bancshares'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 the Consent Order entered into with the Federal Deposit Insurance Corporation ("“FDIC"”) on May 5January 29, 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.
Appears in 1 contract
Sources: Written Agreement