More recently, on July 29, the Federal Reserve issued a notice of assessment of a civil money penalty of $200 million against BCCI for its illegal acquisition of CCAH, the National Bank of Georgia, and CenTrust Savings Bank.
The Federal Reserve received explicit commitments from BCCI, the investors, and their representatives that the acquisition of First American was being made with the investors' own funds and that BCCI would not acquire any CCAH shares or finance the investors.
The entire CCAH
team looks forward to sharing our multi-channel marketing expertise with the NWF in an effort to meet its growth goals.
In the years immediately after the acquisition, there was no evidence developed through the supervisory process to suggest that CCAH and First American were functioning other than in accordance with the statements made to the regulatory authorities at the time of the application.
In early 1989, after BCCI's indictment for money laundering and the emergence of allegations that BCCI and CCAH were linked, the Federal Reserve Bank of Richmond conducted a special inquiry into the relationship between CCAH and BCCI.
The cease and desist order, which was joined in by the New York banking authorities and consented to by BCCI on March 4, had four principal components: requiring BCCI to divest promptly its CCAH
shares; ending business transactions between BCCI and the First American banks; ensuring that BCCI had sufficient liquid assets to cover liabilities in the U.
On October 19, 1978, CCAH
filed an application seeking such approval.
5 mo * Tympanoplasty * These 4 patients received CCAH
(ciprofloxacin, chloramphenicol, amphotericin, and hydrocortisone) powder; the other 7 patients received boric acid powder, nystatin powder, and oral fluconazole Key: EAC = external auditory canal; TM = tympanic membrane; PCP = primary care physician; OE = otitis externa; ENT = otolaryngologist.
After the Board's August 1981 approval of the acquisition of the First American banks by CCAH
, Sheikh Zayed and his oldest son, Khalifa, became substantial investors in the CCAH
, each one holding about 10 percent of its voting shares.
This recognition from DMAW is a reflection of our mission to deliver campaigns that keep us and our clients at the forefront of the ever-changing direct marketing industry," said Jenny Allen, Principal and Senior Vice President, CCAH
Second, the courtappointed fiduciaries agreed to comply with the Federal Reserve's order of March 4, which requires BCCI to divest its interest in CCAH
, First American Bankshares' parent holding company.
As a former Girl Scout and daughter of a troop leader, I highly value GSUSA's emphasis on empowering women and girls to become next-generation leaders," said Jenny Allen, principal and senior vice president of CCAH