TITLE

ShoreBank in Fed Dividend Agreement

PUB. DATE
January 2010
SOURCE
American Banker;1/13/2010, Vol. 175 Issue 7, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that bank holding company ShoreBank Corp. has agreed to not declare or pay dividends unless it has the approval of the U.S. Federal Reserve Board. ShoreBank also agreed not to incur or guarantee any debt without Federal Reserve Board approval. ShoreBank Corp. owns ShoreBank of Chicago.
ACCESSION #
47525836

 

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