12 CFR 215.2 - Definitions

Cite as12 CFR 215.2
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51 practice notes
13 cases
  • Federal Deposit Ins. Corp. v. Allen, No. Civ. 1-83-422.
    • United States
    • United States District Courts. 6th Circuit. Eastern District of Tennessee
    • April 17, 1984
    ...or bank, and (B) no other person owns, controls, or has the power to vote a greater percentage of that class of voting securities. 12 C.F.R. § 215.2(b). The lending limit for a member bank is defined an amount equal to the limit of loans to a single borrower established by section 5200 of t......
  • In Re Bayonne Medical Center, Bankruptcy No. 07-15195 MS.
    • United States
    • U.S. Bankruptcy Court — District of New Jersey
    • May 26, 2010
    ...claims that the loan transactions favoring the nonprofit community hospital “were in violation of Federal banking regulations,” citing 12 C.F.R. §§ 215.2 and 215.4. See Dkt. 31 at 38-40. This contention builds to the conclusion that federal regulation, under the circumstances of this case, ......
  • Dorsey v. TD Bank, N.A. (In re TD Bank, N.A.), Civil Action No.: 6:15-MN-2613-BHH
    • United States
    • United States District Courts. 4th Circuit. United States District Court of South Carolina
    • February 28, 2018
    ...12 C.F.R. § 215(a)(2). Plaintiff acknowledges that Regulation O is explicitly directed at extensions of credit to bank insiders (see 12 C.F.R. § 215.2 (defining "insider" as an executive officer, director, or principal shareholder, and their related interests)), but insists that it is still......
  • Cavallari v. Office of Comptroller of Currency, Nos. 1370
    • United States
    • United States Courts of Appeals. United States Court of Appeals (2nd Circuit)
    • May 11, 1995
    ...officers or directors of Security Savings and Loan Association, Waterbury, Connecticut, or to their related interests as defined in 12 C.F.R. Sec. 215.2: (a) Richard D. (b) Vinal S. Duncan (c) John A. Corpaci (d) Richard D. Barbieri, Jr. In connection with the order, the OCC issued a Notice......
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5 firm's commentaries
  • The Volcker Rule: A Comparison
    • United States
    • JD Supra United States
    • December 11, 2013
    ...Exchange Act (15 U.S.C. 78c(a)(79). (3) Director has the same meaning as provided in §section 215.2(d)(1) of the Board'’s Regulation O (12 CFR 215.2(d)(1)). (3) Ownership interest. 4) Issuer has the same meaning as in section 2(a)(22) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(a......
  • Federal Banking Agencies Provide Temporary Relief from Compliance with Regulation O for Investment Advisers to Large Fund Complexes
    • United States
    • JD Supra United States
    • February 10, 2020
    ...Federal Reserve Board Supervision and Regulation Letter, SR 19-16 (Dec. 27, 2019) (Interagency Statement). 2) See 12 U.S.C. § 375b and 12 C.F.R. part 215 (state-chartered banks) and 12 C.F.R. part 31 (applying Regulation O to national banks and federal savings associations). Under Regulatio......
  • The Federal Reserve Board's Proposed New Risk Management Requirements For Firms Requiring Enhanced Supervision
    • United States
    • Mondaq United States
    • October 30, 2012
    ...the last three years, an executive officer of the company, as defined in section 215.2(e)(1) of the Federal Reserve's Regulation O (12 CFR 215.2(e)(1)); iii. Is an independent director under Item 407 of the Securities and Exchange Commission's Regulation S-K, 17 CFR 229.407(a). In the case ......
  • Beware: Paycheck Protection Program (PPP) Loans to Bank Insiders May Have Unintended Consequences
    • United States
    • JD Supra United States
    • April 13, 2020
    ...more persons . . .[who have] the power to exercise a controlling influence over the management or policies of the company . . . .” See 12 C.F.R. § 215.2(c). [2] While Regulation O is the focus of this article, the institution should also evaluate ethical considerations and other legal requi......
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