Well managed
Well managed means that the Edge or agreement corporation, any parent insured bank, and the bank holding company either received a composite rating of 1 or 2 or is considered satisfactory under the applicable rating system, and has at least a satisfactory rating for management if such a rating is given, at their most recent examination or review.
Source
12 CFR § 211.2
Scoping language
Unless otherwise specified, for purposes of this subpart: