Changes in directors and senior executive officers of a national bank or Federal savings association.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (i) A director of a foreign bank that operates a Federal branch; and (ii) An advisory director who does not have the authority to vote on matters before the board of directors or any committee of the board of directors and provides solely general policy advice to the board of directors or any committee. (2) (3) (4) (5) (6) (7) (i) Has a composite rating of 4 or 5 under the Uniform Financial Institutions Rating System (CAMELS); (ii) Is subject to a cease and desist order, a consent order, or a formal written agreement, that requires action to improve the financial condition (iii) Is informed in writing by the OCC that, based on information pertaining to such national bank or Federal savings association, it has been designated in “troubled condition” for purposes of this section. (d) (1) The national bank or Federal savings association is not in compliance with minimum capital requirements, as prescribed in 12 CFR part 3 or is otherwise in troubled condition; or (2) The OCC determines, in writing, in connection with the review by the agency of the plan required under section 38 of the Federal Deposit Insurance Act (12 U.S.C. 1831o), or otherwise, that such prior notice is appropriate. (e) (2) (A) The information required under 12 U.S.C. 1817(j)(6)(A), and the information prescribed in the Interagency Notice of Change in Director or Senior Executive Officer, the biographical and certification portions of the Interagency Biographical and Financial Report (“IBFR”), and

official document · source cfr-2024 · id 12:§ 5.51