BAS September 2022 Presentations

Federal Laws Applicable to Management

• Directors • Officers • Principal shareholders

Regulation O

Part 359 of FDIC Rules and Regulations

• Golden parachutes

• Prior approval of officers & directors in troubled institutions • Preferential lending to directors, officers or principal shareholders of another bank where correspondent relationship exists

Sections 32 FDI Act

Part 349 FDIC Rules and Regulations

19

Federal Laws (continued) • Management interlocks Part 348 of FDIC Rules and Regulations

• Prior approval for change of control (25%) Section 7(j) of FDI Act

• Officer removal • Prohibition from banking

Section 8 FDI Act

20

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