Common use of Source of Strength Clause in Contracts

Source of Strength. Bancshares’ board of directors 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 this Agreement, and any other supervisory action taken by the Bank’s federal or state regulator.

Appears in 1 contract

Samples: Written Agreement

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Source of Strength. Bancshares’ board of directors 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 this Agreement, and any other supervisory action taken by the Bank’s federal or state regulatorregulators.

Appears in 1 contract

Samples: Written Agreement

Source of Strength. Bancshares’ The board of directors of Bancorporation shall take the appropriate steps to fully utilize Bancshares’ Bancorporation’s financial and managerial resources, pursuant to section 38A of the Federal Deposit Insurance Act Act, as amended (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 this Agreement, and any other supervisory action taken by the Bank’s federal or state regulator.

Appears in 1 contract

Samples: Written Agreement

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Source of Strength. Bancshares’ The 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 Act, as amended, (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 this Agreement, Agreement and any other supervisory action taken by the Bank’s federal or state regulatorregulators.

Appears in 1 contract

Samples: Written Agreement

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