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.
After consummation of the proposed transaction, CBFH would have approximately $2.
Hillister and Umphrey do not have any operations, employees, or investments other than the controlling ownership of CBFH.