Common use of Source of Strength Clause in Contracts

Source of Strength. 1. 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 FDIC and the LOFI on January 29, 2010 and any other supervisory action taken by the Bank'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 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 FDIC and the LOFI Federal Deposit Insurance Corporation ("FDIC") on January 29May 5, 2010 2010, 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 Bancshares shall take appropriate steps to fully utilize Bancshares' 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 issued by the FDIC and the LOFI Federal Deposit Insurance Corporation (“FDIC”) on January 29December 28, 2010 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.

Appears in 1 contract

Samples: Tidelands Bancshares Inc

Source of Strength. 1. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' 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 FDIC Federal Deposit Insurance Corporation and the LOFI Commissioner on January 29May 4, 2010 2010, 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 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 FDIC’s Order entered into with the FDIC to Cease and the LOFI on January 29Desist dated October 20, 2010 2009, and any other supervisory action taken by the Bank's ’s federal or state regulator.

Appears in 1 contract

Samples: Louisiana

Source of Strength. 1. The (a) Bancshares’ board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' financial and managerial resources, pursuant to section 38A of the Federal Deposit Insurance Act (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 FDIC and the LOFI on January 29this Agreement, 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 of directors of Bancshares Reliance shall take appropriate steps to fully utilize Bancshares' Reliance'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 BankBank and the Thrift, including, but not limited to, taking steps to ensure that the Bank complies with the Consent Order entered into with the FDIC and the LOFI on January 29Federal Deposit Insurance Corporation dated February 14, 2010 2011, and any other supervisory action taken by the Bank's federal or state regulator or the Thrift's federal regulator.

Appears in 1 contract

Samples: Reliance Bancshares, Inc.

Source of Strength. 1. The board of directors of Bancshares Bancorp shall take appropriate steps to fully utilize Bancshares' 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 the Consent Order consent order entered into with the FDIC Federal Deposit Insurance Corporation and the LOFI California Department of Financial Institutions on January 29March 04, 2010 and any other supervisory action taken by the Bank's ’s federal or state regulator.. Dividends and Distributions

Appears in 1 contract

Samples: Heritage Oaks Bancorp

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Source of Strength. 1. The board of directors of Bancshares Banc Shares shall take appropriate steps to fully utilize BancsharesBanc Shares' 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 FDIC and the LOFI Federal Deposit Insurance Corporation on January October 29, 2010 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 Bancshares Bankshares shall take appropriate steps to fully utilize Bancshares' Bankshares’ 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 FDIC and the LOFI Federal Deposit Insurance Corporation (“FDIC”) on January 29, 2010 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 of directors of Bancshares 1st Financial shall take appropriate steps to fully utilize Bancshares' 1st Financial’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 FDIC and the LOFI Federal Deposit Insurance Corporation (“FDIC”) on January 29February 25, 2010 2010, and any other supervisory action taken by the Bank's ’s federal or state regulator.

Appears in 1 contract

Samples: 1st Financial Services CORP

Source of Strength. 1. The board of directors of Bancshares 1st Financial shall take appropriate steps to fully utilize Bancshares' 1st Financial'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 FDIC and the LOFI Federal Deposit Insurance Corporation ("FDIC") on January 29February 25, 2010 2010, and any other supervisory action taken by the Bank's federal or state regulator.

Appears in 1 contract

Samples: www.federalreserve.gov

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