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Director Loan Committee Purpose
The primary purpose of the Director Loan Committee (DLC) is to
approve loans to a customer with a total loan relationship over
$5,000,000 and to oversee the operations, underwriting, pricing,
procedures, and profitability of the lending function of Baylake
Bank. It recommends loan policies to the Baylake Bank Board of
Directors. In the loan policy lending authority is established for
the Loan Officers, Senior Loan Committee, and the DLC.
The DLCs primary responsibilities are to:
Review and vote on appropriate loan
Review minutes of the Senior Loan Committee
Review Loan Review Reports
Review management information reports that pertain to the
lending function, including those that appear on the standard
Review legal matters that pertain to the lending function,
including referrals to legal when it is practical to do so
Approve special dispensation of loans and charge-off of loans
Review acquisition, operation, and dispensation of other real
estate owned and assets involved in receivership and bankruptcy
Assure compliance with applicable law and regulations that
apply to the lending function
Review loan marketing materials and programs
Director Loan Committee Membership
The Chief Executive Officer and at least four independent directors
shall be appointed to the DLC. The Chief Credit Officer shall serve
as a non-voting ex-officio member.
Director Loan Committee Meetings
Unless otherwise agreed to by a majority of the committee, the DLC
shall meet on the first Wednesday and the third Tuesday of each
month. The Chair of the Committee, the Chief Executive Officer, or
the Chief Credit Officer may call special meetings.
The DLC shall maintain minutes of its meetings and make them
available to the Board of Directors at their next regular meeting.
All matters are subject to review of the Board and large lending
commitments shall be reported to the Board.
The DLC, along with the Board of Directors, shall review and assess
the adequacy of this charter at least annually. The Charter shall be
submitted to the Board of Directors of Baylake Bank at their Annual