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. For immediate The release Federal of a Written Agreement Corporation, Greenwood, Bank Reserve Board today by and between South announced Community Carolina, and 11, 1999 the execution Capital the Federal Reserve of Richmond. The Written Year June 2000 includes provisions addressing readiness. A copy Attachment Agreement of the Written Agreement is attached. UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL WASHINGTON, Written Agreement by and between ) COMMUNITY CAPITAL CORPORATION Greenwood, South Carolina ) ) FEDERAL RESERVE BANK OF RICHMOND Richmond, Virginia mission-critical D. C. Docket No. 99-OlZWA/RB-SM ; ) ) WHEREAS, in recognition Carolina (“Community”), SYSTEM ) ) ) ) and records and information RESERVE of their common goal to maintain the integrity of the systems of Community Capital Corporation, Greenwood, South a registered bank holding company, and to ensure that all systems of Community and the mission-critical performs for itself, its five subsidiary banks, Greenwood services Community Bank & Trust, Greenwood, South Carolina, the Bank of Newberry County, Newberry, South Carolina, Community Bank & Trust, Bamwell, South Carolina, TheBank, Belton, South Carolina, Clemson Bank & Trust, Clemson, South Carolina, and its non-bank subsidiaries, Financial Services, Greenwood, South Carolina, Community Community Trust Company, Greenwood, South Carolina, and GNB Mortgage Company, Greenwood, (collectively, the “Subsidiaries”) South Carolina, will continue to be fully functional before, on, and after before, on, and after January 1,2000, Community Richmond Agreement and the Federal Reserve Bank of (the “Reserve Bank”) have mutually agreed to enter into this Written (the “Agreement”); WHEREAS, this Agreement is being executed in accordance with the Rules Regarding Delegation of Authority of the Board of Governors of the Federal Reserve System (the “Board of Governors”), specifically 12 C.F.R. 265.11 (a)( 15), and the Reserve Bank has received the prior approval of the Director of the Division of Banking Supervision and Regulation and the General Counsel of the Board of Governors to enter into this Agreement with Community; WHEREAS, Community, on 97 and 2 at a duly constituted & , 1999, the board of directors of meeting, adopted a resolution authorizing enter into this Agreement consented to compliance by Community and directing on behalf of Community, and its institution-affiliated and parties, as defined in sections 3(u) and 8(b)(3) of the Federal Deposit Insurance Act, as amended (12 U.S.C. 18 13(u) and 18 18(b)(3)) (the “FDI Act”), with each and every provision of this Agreement. NOW, THEREFORE, before the taking of any testimony or adjudication finding on any issue of fact or law herein, and without this Agreement constituting admission of any allegation made or implied by the Board of Governors, the Reserve Bank agree as follows: 2 of, or an Community and 1. Community shall take the following actions to ensure that its internal and external mission-critical systems are Year 2000 compliant: (a) By June 30, 1999, successfully of all mission-critical complete testing the Year 2000 readiness systems, including successfully complete implementation testing with the Subsidiaries, of such systems; (b) adequately document test results, including documentation tests performed; and the mission-critical of types of systems tested; the test dates; the outcome of the tests; and the method of test validation; and (c) independently verify testing of mission-critical 2. By June 30, 1999, Community written Year 2000 business resumption caused by failures of Community’s systems. shall submit to the Reserve Bank an acceptable contingency mission-critical plan to mitigate risks that may be systems. The plan shall, at a minimum, address, consider, and include the following: (a) Primary objectives, of service to the Subsidiaries; organizational including, but not limited to, minimizing the timely resumption planning guidelines of operations; and establishment that define Community’s business continuity strategy; and limiting losses to the Subsidiaries due to disruptions; 3 disruptions of planning (b) requirements for periodic and independent (c) a requirement for the periodic update of the plan as needs and circumstances testing of the plan; and require. 3. Community’s management responsible written bi-weekly reports to Community’s board of directors and the Reserve Bank detailing the company’s Year 2000 compliance of all actions taken to secure compliance for the Year 2000 program shall submit efforts, and detailing the form and manner with this Agreement and the results thereof 4. The plan required by paragraph 2 hereof shall be submitted to the Reserve Bank for review and approval. The Reserve Bank may comment on the plan. An acceptable plan shall be submitted to the Reserve Bank within the time period set forth in paragraph 2 hereof. Community shall adopt the approved plan within 10 days of approval by the Reserve Bank and then shall fully comply with it. During the term of this Agreement, Community shall not amend, except for the periodic updates specified in paragraph 2(c) hereof, or rescind the approved plan without the prior written approval of the Reserve Bank. 5. All communications regarding this Agreement shall be sent to: (a) Lloyd W. Bostian, Jr. Senior Vice President Federal Reserve Bank of Richmond P.O. Box 27622 Richmond, Virginia 23261 (b) William G. Stevens President and Chief Executive Offtcer Community Capital Corporation P.O. Box 218 Greenwood, South Carolina 29648 6. The provisions of this Agreement of its institution-affiliated shall be binding upon Community and each parties, in their capacities as such, and their successors and assigns, 7. Each provision of this Agreement stayed, modified, terminated 8. Notwithstanding Bank, in its sole discretion, shall remain effective and enforceable until or suspended by the Reserve Bank. any provision of this Agreement to the contrary, the Reserve may grant written extensions of time to Community to comply with any provision of this Agreement. 9. The provisions of this Agreement federal or state agency or department shall not bar, estop, or otherwise prevent any from taking any other action affecting Community or any of its current or former institution-affiliated 5 parties and their successors or assigns. I 10. This Agreement is a “written agreement” for the purposes of section 8 of the FDI Act (12 U.S.C.1818). IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the Community Capital Corporation By: The undersigned ~~~~~~reto Federal Reserve Bank of Richmond By: directors of Community each acknowledge having read the foregoing by Community. &?&-+_Cf&Q David P. Allred Thomas C. Lynch, Jr. Earl H. Bergen H. Edward Munnerlyn George B. Park John W. Drurprhond Joe H. Patrick, Jr. James M. Horton 6 r I v C!& h Clinton C. Lemon, Jr. 7