text: *Our Support of Our Subsidiary Banks*
  
  Under Federal Reserve Board policy, we are expected to commit resources to act as a source of strength to 
  support each of our subsidiary banks. This support may be required at times when, absent such Federal Reserve 
  Board policy, we would not otherwise be required to provide it. In addition, any loans we make to our subsidiary 
  banks would be subordinate in right of payment to deposits and to other indebtedness of our banks. In the event of a 
  bank holding company’s bankruptcy, any commitment by the bank holding company to a federal bank regulatory 
  agency to maintain the capital of a subsidiary bank will be assumed by the bankruptcy trustee and be subject to a 
  priority of payment. 
  
  Under the National Bank Act, if the capital stock of a national bank is impaired by losses or otherwise, the OCC 
  is authorized to require the bank’s shareholders to pay the deficiency on a pro-rata basis. If any shareholder refuses 
  to pay the pro-rata assessment after three months notice, then the bank’s board of directors must sell an appropriate 
  amount of the shareholder’s stock at a public auction to make up the deficiency. To the extent necessary, if a 
  deficiency in capital still exists and the bank refuses to go into liquidation, then a receiver may be appointed to wind 
  up the bank’s affairs. Additionally, under the Federal Deposit Insurance Act, in the event of a loss suffered or 
  anticipated by the FDIC (either as a result of the default of a banking subsidiary or related to FDIC assistance 
  provided to a subsidiary in danger of default) our other banking subsidiaries may be assessed for the FDIC’s loss. 