Senior executive officer
(4) Senior executive officer means the president, chief executive officer, chief operating officer, chief financial officer, chief lending officer, chief investment officer, chief risk officer, and any other individual the OCC identifies in writing to the national bank or Federal savings association who exercises significant influence over, or participates in, major policy making decisions of the national bank or Federal savings association without regard to title, salary, or compensation. The term also includes employees of entities retained by a national bank or Federal savings association to perform such functions in lieu of directly hiring the individuals, and, with respect to a Federal branch operated by a foreign bank, the individual functioning as the chief managing official of the Federal branch. (5) Technically complete notice means a notice that provides all the information requested in paragraph (e)(2) of this section, including complete explanations where material issues arise regarding the competence, experience, character, or integrity of proposed directors or senior executive officers, and any additional information that the OCC may request following a determination that the notice was not technically complete. (6) Technically complete notice date means the date on which the OCC has received a technically complete notice. (7) Troubled condition means a national bank or Federal savings association that (i) Has a composite rating of 4 or 5 under the Uniform Financial Institutions Rating System (CAMELS); (ii) Is subject to a cease and desist order, a consent order, or a formal written agreement, that requires action to improve the financial condition of the national bank or Federal savings association unless otherwise informed in writing by the OCC; or (iii) Is informed in writing by the OCC that, based on information pertaining to such national bank or Federal savings association, it has been designated in troubled condition for purposes of this section.
Source
12 CFR § 5.51
Scoping language
for purposes of this section