Strategic plan.

CFR · 2024-01-01 · US · Title 12

(a) (1) The bank or savings association has submitted the plan to the appropriate Federal banking agency as provided for in this section; (2) The appropriate Federal banking agency has approved the plan; (3) The plan is in effect; and (4) The bank or savings association has been operating under an approved plan for at least one year. (b) (c) (2) (3) (d) (1) Informally seek suggestions from members of the public in its assessment area(s) covered by the plan while developing the plan; (2) Once the bank or savings association has developed a plan, formally solicit public comment on the plan for at least 30 days by publishing notice in at least one newspaper of general circulation in each assessment area covered by the plan; and (3) During the period of formal public comment, make copies of the plan available for review by the public at no cost at all offices of the bank or savings association in any assessment area covered by the plan and provide copies of the plan upon request for a reasonable fee to cover copying and mailing, if applicable. (e) (f) (ii) A bank or savings association shall address in its plan all three performance categories and, unless the bank or savings association has been designated as a wholesale or limited purpose bank or savings association, shall emphasize lending and lending-related activities. Nevertheless, a different emphasis, including a focus on one or more performance categories, may be appropriate if responsive to the characteristics and credit

official document · source cfr-2024 · id 12:§ 25.27