The Board has reviewed the examination records of CBFH, MC Bancshares, and their insured depository institution subsidiaries, including assessments of their management, risk-management systems, and operations.
4 million, and CBFH has sufficient resources to fund the proposed transaction.
The senior executive officers of CBFH and MC Bancshares have substantial knowledge of and experience in the banking sector.
CBFH has a demonstrated record of successfully integrating organizations into its operations and risk-management systems following acquisitions.
Based on all the facts of record, the Board has concluded that considerations relating to the financial and managerial resources and future prospects of the organizations involved in the proposal, as well as the records of effectiveness of CBFH and MC Bancshares in combatting money-laundering activities, are consistent with approval.