SEC Contract Filing

Filing Date: 2024-08-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea021148401ex10-1_kentucky.htm
<DESCRIPTION>FORMAL WRITTEN AGREEMENT, DATED AUGUST 13, 2024, BETWEEN FIRST FEDERAL SAVINGS BANK OF KENTUCKY AND THE OFFICE OF THE COMPTROLLER OF THE CURRENCY
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>E<FONT STYLE="text-transform: lowercase">XHIBIT
</FONT>10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">AGREEMENT BY AND BETWEEN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">First Federal Savings Bank
of Kentucky</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Frankfort, Kentucky</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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 <TD STYLE="width: 33%">&nbsp;</TD>
 <TD STYLE="text-align: center; width: 34%; font-size: 10pt">and</TD>
 <TD STYLE="text-align: right; width: 33%; font-size: 10pt">AA-CE-2024-62</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">The Office of the Comptroller
of the Currency</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0.5in">First Federal Savings Bank of Kentucky,
Frankfort, Kentucky (&ldquo;Bank&rdquo;) and the Office of the Comptroller of the Currency (&ldquo;OCC&rdquo;) wish to assure the safety
and soundness of the Bank and its compliance with laws and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0.5in">The Comptroller of the Currency (&ldquo;Comptroller&rdquo;)
has found unsafe or unsound practices, including those relating to strategic planning and budgeting, succession planning, liquidity risk
management, and interest rate risk management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0.5in">Therefore, the OCC, through the duly
authorized representative of the Comptroller, and the Bank, through its duly elected and acting Board of Directors (&ldquo;Board&rdquo;),
hereby agree that the Bank shall operate at all times in compliance with the following:</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE
I<U></U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>JURISDICTION</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 45.55pt 0pt 0pt; text-indent: 0.5in">(1) <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bank is an &ldquo;insured depository institution&rdquo; as that term is defined in 12 U.S.C. &sect; 1813(c)(2).</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 45.55pt 0pt 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt">(2) The Bank is a
Federal savings association within the meaning of 12 U.S.C. &sect; 1813(q)(1)(C), and is chartered and examined by the OCC. <I>See</I>
12 U.S.C. &sect;&sect; 1461 <I>et seq.</I>, 5412(b)(2)(B).</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.5pt 0pt 0pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 0pt; text-indent: 0.5in">(3)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT>The OCC is the &ldquo;appropriate Federal banking agency&rdquo; as that term is defined in 12 U.S.C. &sect; 1813(q).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 14.1pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE
II</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>COMPLIANCE COMMITTEE</U></P>

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