12 CFR § 192.370 - Does the appropriate Federal banking agency limit the aggregate purchases by officers, directors, and their associates?

§ 192.370 Does the appropriate Federal banking agency limit the aggregate purchases by officers, directors, and their associates?

(a) When you convert, your officers, directors, and their associates may not purchase, in the aggregate, more than the following percentage of your total stock offering:

Institution size Officer and director
purchases
(percent)
$50,000,000 or less 35
$50,000,001-100,000,000 34
$100,000,001-150,000,000 33
$150,000,001-200,000,000 32
$200,000,001-250,000,000 31
$250,000,001-300,000,000 30
$300,000,001-350,000,000 29
$350,000,001-400,000,000 28
$400,000,001-450,000,000 27
$450,000,001-500,000,000 26
Over $500,000,000 25

(b) The purchase limitations in this section do not apply to shares held in tax-qualified employee stock benefit plans that are attributable to your officers, directors, and their associates.