228 loan - An Overview
228 loan - An Overview
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(iv) Whether to solicit extra community enter or have to have the bank to deliver any extra response to general public enter by now acquired.
(ii) To accumulate possession or Charge of shares or all or considerably all of the assets of the bank, to trigger a financial institution to become a subsidiary of the bank holding business, or to merge or consolidate a financial institution Keeping enterprise with another bank holding company in a very transaction that requires approval beneath part three from the Bank Holding Organization Act (12 U.S.C. 1842);
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indicates a staffed banking facility, no matter whether shared or unshared, the Board accredited or approved like a branch and that's open to, and accepts deposits from, the general public.
The Board takes advantage of the retail lending assessment places delineated by a sizable bank in its evaluation with the lender's shut-conclude home property finance loan lending and smaller enterprise lending overall performance unless the Board establishes which the retail lending assessment areas never adjust to the necessities of the section.
(two) If your contributors or investors elect to allocate community improvement loans or Neighborhood check here growth investments amid themselves for consideration beneath this area, no participant or investor might claim a loan origination, loan buy, or investment decision for Neighborhood advancement consideration if another participant or Trader statements the identical loan origination, loan obtain, or expense; and
Inside a facility-centered assessment area or outside the house retail lending spot, a product line is A serious solution line if the lender's loans in that solution line comprise fifteen % or maybe more in the financial institution's loans across all of the financial institution's item strains in the facility-dependent assessment spot or outside retail lending spot, as determined pursuant to paragraph II.b.1 of appendix A to this section.
The greenback quantity of your limited goal financial institution's Neighborhood growth loans and Neighborhood improvement investments that gain or serve the Condition or multistate MSA and a review from the impact and responsiveness of Those people loans and investments, as presented in § 228.fifteen.
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The Board assigns a conclusion for the overall performance of the intermediate lender evaluated pursuant to this part as delivered in appendices C and E to this section. In assigning conclusions for an intermediate lender, the Board may well look at general performance context information and facts as furnished in § 228.21(d).
If your Board approves the designation, it stays in outcome until eventually the bank requests revocation of your designation or right up until a single calendar year following the Board notifies a confined goal lender that the Board has revoked the designation to the Board's personal initiative.
A financial institution should delineate a number of facility-primarily based evaluation areas in which the Board evaluates the lender's document of assisting to fulfill the credit score demands of its whole Group pursuant to your efficiency tests and strategic system explained in § 228.21.
To get a designation for a constrained objective lender, a bank must file a published request with the Board no less than 90 times before the proposed effective date of the designation.