FDIC TE Set 300
Executive Officers per Regulation O - ✔️✔️Chairmen of the Board
President
Secretary
Treasurer
Cashier
VPs
Unless specifically excluded by Board Resolution and nonparticipatory in policy making
functions
Change in Control - Part 303 - ✔️✔️Any person seeking to acquire to control (power to
vote 25% or more of any class of voting securities) of any bank or BHC, 60 days prior
written notice to agency
Person - individual, partnership, trust, associate, joint venture, or any other form
Notice of Acquisition of Control form required to be filed with the appropriate RO
accompanied by Financial Report and Biographical Information for each of acquiring
parties.
What banks are eligible for Expedited Application Process? - ✔️✔️Composite 1 or 2
CRA - satisfactory
Compliance 1 or 2
WC under PCA
Not subject to any written agreement (formal or informal)
When can FDIC alternate exams with State? - ✔️✔️Composite 1 or 2
Stable and improving 3 (confirmed by SCOR); no known adverse trends
End of one exam and start of next not exceed 12 (18) months.
End defined as submission to RO or 60 days from start date
4 BSA Pillars - Part 326 - ✔️✔️System of Internal Controls
Independent Testing
Designated BSA Officer
Provide Training to all employees
Section 6 of FDIC Act - New Bank Application Factors - ✔️✔️1. Adequacy of Capital
Structure - T1C not less than 8% for 7 years. Initial capital normally $2MM excess of
any preopening expenses and an adequate ALLL.
, 2. Convenience and Needs of community to be served.
3. Consistency of Corporate Powers with purposes of the FDI act
4. Financial History and Condition
5. Future Earnings Prospects
6. General Character of Management (#1)
7. Risk presented to DIF
Insiders per Regulation O - ✔️✔️Directors
Principal Shareholders
Executive Officers
Related interest of above
- company controlled by insider, or political campiagn controlled by, or for the benefit of,
the insider
Unimpaired Capital & Surplus - ✔️✔️Tier 1 Capital
Tier 2 capital
Excess ALLL
Executive Officer and Director Overdrafts - ✔️✔️May not pay overdraft for XO or
director (or of bank affiliates) unless:
written, preauthorized, interest bearing extension of credit plan that specifies method of
repayment
Written, preauthorized, transfer of funds from another account
Exception: inadvertent overdfraft of aggregate $1M or less provided not more than 5
business days, same fee charged as any other customer.
Doesn't apply to related interests, or shareholders
SARs must be filed when? - ✔️✔️Insider abuse in any amount
$5M or more when suspect known (30 days)
$25M or more when suspect unkown (60 days)
$5M when money suspect money laundering/BSA violations
Low Quality Assets - 23A - ✔️✔️Adversely Classified or SM
Non-accrual
>30 days PD
TDR
Executive Officers per Regulation O - ✔️✔️Chairmen of the Board
President
Secretary
Treasurer
Cashier
VPs
Unless specifically excluded by Board Resolution and nonparticipatory in policy making
functions
Change in Control - Part 303 - ✔️✔️Any person seeking to acquire to control (power to
vote 25% or more of any class of voting securities) of any bank or BHC, 60 days prior
written notice to agency
Person - individual, partnership, trust, associate, joint venture, or any other form
Notice of Acquisition of Control form required to be filed with the appropriate RO
accompanied by Financial Report and Biographical Information for each of acquiring
parties.
What banks are eligible for Expedited Application Process? - ✔️✔️Composite 1 or 2
CRA - satisfactory
Compliance 1 or 2
WC under PCA
Not subject to any written agreement (formal or informal)
When can FDIC alternate exams with State? - ✔️✔️Composite 1 or 2
Stable and improving 3 (confirmed by SCOR); no known adverse trends
End of one exam and start of next not exceed 12 (18) months.
End defined as submission to RO or 60 days from start date
4 BSA Pillars - Part 326 - ✔️✔️System of Internal Controls
Independent Testing
Designated BSA Officer
Provide Training to all employees
Section 6 of FDIC Act - New Bank Application Factors - ✔️✔️1. Adequacy of Capital
Structure - T1C not less than 8% for 7 years. Initial capital normally $2MM excess of
any preopening expenses and an adequate ALLL.
, 2. Convenience and Needs of community to be served.
3. Consistency of Corporate Powers with purposes of the FDI act
4. Financial History and Condition
5. Future Earnings Prospects
6. General Character of Management (#1)
7. Risk presented to DIF
Insiders per Regulation O - ✔️✔️Directors
Principal Shareholders
Executive Officers
Related interest of above
- company controlled by insider, or political campiagn controlled by, or for the benefit of,
the insider
Unimpaired Capital & Surplus - ✔️✔️Tier 1 Capital
Tier 2 capital
Excess ALLL
Executive Officer and Director Overdrafts - ✔️✔️May not pay overdraft for XO or
director (or of bank affiliates) unless:
written, preauthorized, interest bearing extension of credit plan that specifies method of
repayment
Written, preauthorized, transfer of funds from another account
Exception: inadvertent overdfraft of aggregate $1M or less provided not more than 5
business days, same fee charged as any other customer.
Doesn't apply to related interests, or shareholders
SARs must be filed when? - ✔️✔️Insider abuse in any amount
$5M or more when suspect known (30 days)
$25M or more when suspect unkown (60 days)
$5M when money suspect money laundering/BSA violations
Low Quality Assets - 23A - ✔️✔️Adversely Classified or SM
Non-accrual
>30 days PD
TDR
