...that involves personal dishonesty on the part of the individual, or that demonstrates the individual's willful or continuing disregard for the safety or soundness of the bank. (b) The Board may issue and serve a written notice of its intention to remove any director or officer...

...resulted in substantial financial loss or other damage; (ii) Has evidenced either personal dishonesty or a willful or continuing disregard for the safety or soundness of the previously affected institution or of the subject insured bank; and (iii) Has evidenced unfitness to...

...individual's fiduciary duty and whose violation, practice, or breach of fiduciary duty is one demonstrating a willful or continuing disregard for the safety or soundness of the institution. The bill also deals with the ability of the Bank Board to suspend indicted persons, or...

...caused substantial financial loss to the ba.t.* and that such act, practice or violation demonstrated a willful or continuing disregard for the safety or soundness of the bank. These liabilities should be considered by all those acting on the bank's behalf before engaging the...

...involving personal dishonesty on the part of such officer or director; or B. one which demonstrates a willful or continuing disregard for the safety or soundness of the bank. The removal provisions of the Financial Institutions Supervisory Act of 1966 (FISA) as amended by the...

...and 8(e)(2) prior to the 1978 amendments. Now, it is an alternative requirement along with that of "willful or continuing disregard for the safety or soundness of the bank." •Personal dishonesty" is the most difficult to define as well as the roast exacting standard in section...

...practice, or breach; and (3) Personal dishonesty on the part of the individual or demonstration of a willful or continuing disregard for the safety or soundness of the institution. 2_/ The statutes provide that the agency also may initiate removal proceedings against...

...or breaches of fiduciary duty Involve personal dishonesty on the part of Spencer 11. ulain, Jr. or demonstrate a willful or continuing disregard for the safety or soundness of Empire Savings and Loan Association) and HMBRBA8, the Dank Board has conaidered a propooed Order oC...

...opinion, the violation, practice, or breach of fiduciary duty must either involve personal dishonesty or demonstrate a willful or continuing disregard for the safety or soundness of the institution. An officer or director may also be removed or barred from further participation in the...

...dishonesty on the part of the director or officer; OR (11) the violation, practice or breach evidences a willful or continuing disregard for the safety or soundness of the Association. The power to remove officer and directors has been termed 'potentially devastating.' See...