UNITED STATES OF AMERIC A
BEFORE THE
BOAR D OF GOVERNORS OF THE FEDERA L RESERVE SYSTE M
WASHINGTON, D.C.
STATE OF GEORGIA
DEPARTMENT OF BANKIN G AN D FINANCE
ATLANTA , GEORGIA
Written Agreement by and among
CCB FINANCIAL CORPORATION
Jonesboro, Georgia
FEDERA L RESERVE BAN K OF
ATLANT A
Atlanta, Georgia
and
BANKIN G COMMISSIONER OF
THE STATE OF GEORGIA
Atlanta, Georgia
Docket No. 09-069-WA/RB-HC
WHEREAS, CCB Financial Corporation, Jonesboro, Georgia ("CCB"), a registered bank
holding company, owns and controls Community Capital Bank, Jonesboro, Georgia
(the "Bank"), a state chartered nonmember bank, and a nonbank subsidiary;
WHEREAS, it is the common goal of CCB, the Federal Reserve Bank of Atlanta
(the "Reserve Bank"), and the Banking Commissioner of the State of Georgia
(the "Commissioner") to maintain the financial soundness of CCB so that CCB may serve as a
source of strength to the Bank;
WHEREAS, CCB, the Reserve Bank, and the Commissioner have mutually agreed to
enter into this Written Agreement (the "Agreement"); and
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WHEREAS, on June 12, 2009, the board of directors of CCB, at a
duly constituted meeting, adopted a resolution authorizing and directing W.K. Brumbeloe to
enter into this Agreement on behalf of CCB, and consenting to compliance with each and every
provision of this Agreement by CCB 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)).
NOW, THEREFORE, CCB, the Reserve Bank, and the Commissioner agree as follows:
Dividends
1.
(a)
CCB shall not declare or pay any dividends without the prior written
approval of the Reserve Bank, the Director of the Division of Banking Supervision and
Regulation (the "Director") of the Board of Governors of the Federal Reserve System
(the "Board of Governors"), and the Commissioner.
(b)
CCB shall not directly or indirectly take dividends or any other form of
payment represen