Application Guidelines for

This application is used by certified Community Development Financial Institutions (“CDFIs”)

regulated by the Federal Deposit Insurance Corporation, Board of Governors of the Federal

Reserve System, Office of the Comptroller of the Currency

(each a “Regulator” and collectively, the

Community Development Capital

(“TARP”). Through the CDCI

qualifying assets from U.S. banking organizations.

The application must be submitted to the appropriate

is a bank holding company, the application should be

company supervisor and the supervisor of the largest insured depository institutio

the applicant. All inquiries regarding preparation of the application should be directed to the

appropriate Regulator for the applicant.

the applicant.

All applications must be submi

More detailed information, including submission instructions, can be found at the applicable

Regulator’s website:

1. For the Federal Deposit Insurance Corporation:

2. For the Federal Reserve:

3. For the Office of the Comptroller of the Currency:

4. For the Office of Thrift Supervision:

The terms of the CDCI are described generally in this application. However, this description is

not binding on the Treasury and is intended to provide general information only. The actual

terms and conditions of the CDCI

Treasury online at http://FinancialStability.gov/

Eligible Institutions

The CDCI is available to bank holding companies, financial holding companies, insured

depository institutions, and savings and lo

predominately in activities that are permissible for financial hold

law, subject to regulation by one or more of the Regulators, and certified CDFIs

OMB Control Number 1505

1

Application Guidelines for TARP Community Development

by certified Community Development Financial Institutions (“CDFIs”)

Federal Deposit Insurance Corporation, Board of Governors of the Federal

of the Comptroller of the Currency, and Office of Thrift Supervision

collectively, the “Regulators”) to request participation in the

Capital Initiative (“CDCI”) under the Troubled Asset Relief Program

CDCI, the U.S. Department of the Treasury (“Treasury

U.S. banking organizations.

be submitted to the appropriate Regulator for the applicant. If the applicant

is a bank holding company, the application should be submitted to both the applicant’

company supervisor and the supervisor of the largest insured depository institutio

All inquiries regarding preparation of the application should be directed to the

for the applicant. The regulators may request additional information from

All applications must be submitted no later than 5pm (EST), April 30, 2010

More detailed information, including submission instructions, can be found at the applicable

For the Federal Deposit Insurance Corporation: www.fdic.gov

For the Federal Reserve: www.federalreserve.gov

For the Office of the Comptroller of the Currency: www.occ.treas.gov

For the Office of Thrift Supervision: www.ots.treas.gov

are described generally in this application. However, this description is

not binding on the Treasury and is intended to provide general information only. The actual

CDCI are contained in documentation that will be available

http://FinancialStability.gov/.

is available to bank holding companies, financial holding companies, insured

and savings and loan holding companies that engage solely or

predominately in activities that are permissible for financial holding companies under relevant

law, subject to regulation by one or more of the Regulators, and certified CDFIs

OMB Control Number 1505-0223

ommunity Development Capital Initiative

by certified Community Development Financial Institutions (“CDFIs”)

Federal Deposit Insurance Corporation, Board of Governors of the Federal

and Office of Thrift Supervision

to request participation in the

under the Troubled Asset Relief Program

Treasury”) may purchase

for the applicant. If the applicant

submitted to both the applicant’s holding

company supervisor and the supervisor of the largest insured depository institution controlled by

All inquiries regarding preparation of the application should be directed to the

The regulators may request additional information from

10.

More detailed information, including submission instructions, can be found at the applicable

www.occ.treas.gov

are described generally in this application. However, this description is

not binding on the Treasury and is intended to provide general information only. The actual

are contained in documentation that will be available from

is available to bank holding companies, financial holding companies, insured

an holding companies that engage solely or

ing companies under relevant

law, subject to regulation by one or more of the Regulators, and certified CDFIs. To qualify, the
2

applicant must be established and operating in the United States and may not be controlled by a

foreign bank or company.

Institutions must consult with their appropriate Regulator prior to submitting this application.

Certain Conditions for Participation in the CDCI

To be eligible for the CDCI, the applicant must receive approval from Treasury. In addition, the

applicant must agree to certain terms and conditions and make certain representations and

warranties described in various agreements that will be prepared by the Treasury and available

online at http://FinancialStability.gov/. Failure to agree to all terms and conditions may result in

disqualification from the CDCI. A summary term sheet currently is available online at

http://FinancialStability.gov/. Detailed investment agreements and associated documentation

will be posted soon. Each applicant must obtain and review a copy of these agreements and

agree to all of the terms and conditions, including representations and warranties, contained in

these agreements.

Among the conditions to participation in the CDCI is the requirement that the applicant and its

covered officers and employees must agree to comply with the rules, regulations and guidance of

the Treasury with respect to executive compensation, transparency, accountability and

monitoring, as published and in effect at the time of the investment closing. These rules,

regulations and guidance are explained online at http://FinancialStability.gov/.

Assets Purchased by Treasury

All assets purchases will occur at the highest-tier holding company in cases in which the banking

organization has a bank holding company or a savings and loan holding company. In these

cases, the assets eligible for purchase by Treasury under the CDCI is cumulative perpetual

preferred stock or subordinated debentures issued by the applicant, in the case of a Subchapter S

corporation or mutual organization. The shares of preferred stock must be pari passu with the

most senior perpetual preferred shares available by the applicant and subordinated debentures

must be senior to other capital instruments.

In the case of an insured depository institution that is not controlled by a holding company, the

capital eligible for purchase by Treasury under the CDCI is non-cumulative perpetual preferred

stock of the insured depository institution or subordinated debentures, in the case of a Subchapter

S corporation or mutual organization. The shares must be pari passu with the most senior

perpetual preferred shares available by the applicant and subordinated debentures must be senior

to other capital instruments.

Institutions that received any amount of capital under the TARP Capital Purchase Program

(“CPP”) can apply to exchange all existing CPP preferred stock for CDCI preferred stock at the

lower dividend rate on the terms set forth in the CDCI term sheets.

Other Information
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The applicant must identify and describe any mergers, acquisitions, or other capital raisings that

are currently pending or are under negotiation and the expected consummation date.

Confidentiality

Any applicant desiring confidential treatment of specific portions of the application must submit

a request in writing with the application. The request must discuss the justification for the

requested treatment. The applicant’s reasons for requesting confidentiality should specifically

demonstrate the harm (for example, loss of competitive position, invasion of privacy) that would

result from public release of information (See 5 U.S.C. 552). Information for which confidential

treatment is requested should be: (1) specifically identified in the public portion of the

application (by reference to the confidential section); (2) separately bound; and (3) labeled

“Confidential.” The applicant should follow the same procedure when requesting confidential

treatment for the subsequent filing of supplemental information to the application.

The applicant should contact the appropriate Regulator for specific instructions regarding

requests for confidential treatment. The appropriate Regulator will determine whether the

information will be treated as confidential and will advise the applicant of any decision to make

available to the public information labeled as “Confidential.”
Application for TARP

Please complete the following information and follow the submission instructions as described

on your federal banking agency’s website.

form, please provide a description of any mergers, acquisitions, or other capital raisings that are

currently pending or are under negotiation and the expected consummation date (no longer than

1 page).

Institution Name:

Address of Institution:

Primary Contact Name:

Primary Contact Phone Number:

Primary Contact Fax Number:

Primary Contact Email Address:

Secondary Contact Name:

Secondary Contact Phone Number:

Secondary Contact Fax Number:

Secondary Contact Email Address:

RSSD, Holding Company Docket

Number and/or FDIC Certificate

Number, as Relevant:

Amount of Investment Requested:

OMB Control Number 1505

1

Application for TARP Community Development Capital

Please complete the following information and follow the submission instructions as described

ederal banking agency’s website. In addition to completing the information on this

description of any mergers, acquisitions, or other capital raisings that are

currently pending or are under negotiation and the expected consummation date (no longer than

Primary Contact Phone Number:

Primary Contact Fax Number:

Primary Contact Email Address:

Secondary Contact Phone Number:

Secondary Contact Fax Number:

Secondary Contact Email Address:

Company Docket

Number and/or FDIC Certificate

Requested:

OMB Control Number 1505-0223

Capital Initiative

Please complete the following information and follow the submission instructions as described

In addition to completing the information on this

description of any mergers, acquisitions, or other capital raisings that are

currently pending or are under negotiation and the expected consummation date (no longer than
2

Indicate whether the Institution will

“exchange” Preferred Shares under

the Capital Purchase Program and

the amount to be exchanged:

Amount of Institution’s Authorized

but Unissued Preferred Stock

Available for Purchase:

Amount of Institution’s Authorized

but Unissued Common Stock:

Amount of Total Risk-Weighted

Assets as Reported on the Holding

Company’s or Applicable

Institution’s Most Recent FR-Y9,

Call Report, or TFR, as Relevant:

Institution has Reviewed the Term

Sheets and Related Documentation

on Treasury’s Website (Yes/No):

Signature of Chief Executive

Officer (or Authorized Designee):

Date of Signature: