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{{10-31-92 p.TC-145}}
[¶15,506] Docket No. FDIC-89-116b (8-13-92)
In the Matter of
BANK OF LAFAYETTE
LAFAYETTE, LOUISIANA
(Insured State Nonmember Bank)
MODIFICATION OF ORDER TO
CEASE AND DESIST
Paragraph 2(a) of the ORDER TO CEASE AND DESIST ("ORDER") issued to the Bank of Lafayette, Lafayette, Louisiana ("Bank") by the Federal Deposit Insurance Corporation ("FDIC") on October 17, 1989, is hereby amended and modified as follows:
2. (a) (1) During the life of this ORDER, the Bank shall maintain adjusted primary capital in such an amount as to equal or exceed 4.7% of the Bank's adjusted Part 325 total assets.
(2) In addition to the requirements of Subparagraph 2(a)(1) above, the Bank shall, on or before December 31, 1992, achieve and maintain adjusted primary capital equal to or greater than 5.7% of the Bank's adjusted Part 325 total assets.
(3) In addition to the requirements of Subparagraph (2)(a)(2) above, the Bank shall, on or before June 30, 1993, achieve and maintain adjusted primary
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capital equal to or greater than 6.1% of the Bank's adjusted Part 325 total assets.
(4) In addition to the requirements of Paragraph (a)(3) above, the Bank shall, on or before December 31, 1993, achieve and maintain adjusted primary capital equal to or greater than 7.5% of the Bank's adjusted Part 325 total assets.
The provisions of this MODIFICATION OF ORDER TO CEASE AND DESIST shall be binding upon the Bank, its subsidiaries, affiliates, directors, officers, employees, agents, successors, assigns, and other institution-affiliated parties of the Bank.
Except as specifically modified herein, all of the terms and conditions of the ORDER heretofore issued against the Bank on October 17, 1989, and which became effective on October 27, 1989, is hereby republished and shall remain in full force and effect.
The provisions of this MODIFICATION OF ORDER TO CEASE AND DESIST shall remain effective and enforceable except to the extent that, and until such time as, any provisions of this MODIFICATION OF ORDER TO CEASE AND DESIST shall have been modified, terminated, suspended, or set aside by the FDIC.
Dated at Memphis, Tennessee, this 13th day of August, 1992.
Pursuant to delegated authority.
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