La Federal Reserve Bank of New York a publié un document dans lequel elle annonce la mise en place de mesures de redressement vis à vis de la société AB&T FINANCIAL CORPORATION.
WHEREAS, AB&T Financial Corporation, Gastonia, North Carolina (“AB&T”), a registered bank holding company, owns and controls Alliance Bank & Trust Company, Gastonia, North Carolina (the “Bank”), a state-chartered nonmember bank;
WHEREAS, it is the common goal of AB&T and the Federal Reserve Bank of Richmond (the “Reserve Bank”) to maintain the financial soundness of AB&T so that AB&T may serve as a source of strength to the Bank;
WHEREAS, AB&T and the Reserve Bank have mutually agreed to enter into this Written Agreement (the “Agreement”); and
WHEREAS, on April 24, 2012, the board of directors of AB&T, at a duly constituted meeting, adopted a resolution authorizing and directing Wayne F. Shovelin to enter into this Agreement on behalf of AB&T, and consenting to compliance with each and every provision of this Agreement by AB&T and its institution-affiliated parties, as defined in sections 3(u) and 8(b)(3) of the Federal Deposit Insurance Act, as amended (the “FDI Act”) (12 U.S.C. §§ 1813(u) and 1818(b)(3)).
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