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.
Appears in 1 contract
Samples: Written Agreement
Source of Strength. 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 (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 (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 all provisions of this MOU.
Appears in 1 contract
Samples: Memorandum of Understanding (Hampton Roads Bankshares Inc)
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 (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 (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 Agreement.
Appears in 1 contract
Samples: Written Agreement
Source of Strength. The board of directors of Bancshares shall take appropriate steps to fully utilize Bancshares' 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.
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 (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 (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 Agreement.
Appears in 1 contract
Samples: Written Agreement (Central Virginia Bankshares Inc)
