Examiners also noted that CBLO's loan-to-deposit ratio was reasonable given its size, financial condition, and assessment area credit needs.
Central represents that, since the CBLO Evaluation, CBLO has made significant qualified investments in its assessment area.
In addition to CBMW, CBLO, and Central Trust Bank, Central is the parent company of 10 other insured depository institutions.
Mutual funds are allowed to deploy new fund offer (NFO) proceeds in CBLO (Collateralized Borrowing And Lending Obligation) before the closure of NFO period.
The appreciation received from investment in CBLO will be passed on to investors.
investment management and advisory fees on funds deployed in CBLOs during the NFO period.