Termination of Amended Consent Order Between Solera National Bank and the Comptroller of the Currency
This document records the official termination of an Amended Consent Order previously agreed upon by Solera National Bank and the Office of the Comptroller of the Currency. The termination indicates that the bank is now considered to be operating safely and in compliance with all relevant laws and regulations. As a result, the special oversight and requirements imposed by the earlier order are no longer necessary. The termination is effective as of June 29, 2012.
Exhibit 10.1
UNITED STATES OF AMERICA
DEPARTMENT OF THE TREASURY
OFFICE OF THE COMPTROLLER OF THE CURRENCY
TERMINATION OF THE
AMENDED CONSENT ORDER BY AND BETWEEN
SOLERA NATIONAL BANK, LAKEWOOD, COLORADO
AND
THE COMPTROLLER OF THE CURRENCY
WHEREAS, in an effort to protect the depositors, other customers and shareholders of Solera National Bank, Lakewood, Colorado (“Bank”), and to ensure the Bank’s operation in accordance with safe and sound banking practices and all applicable laws, rules, and regulations, the Bank and the Comptroller of the Currency of the United States of America (“Comptroller”), entered into an Amended Consent Order, dated December 16, 2010; and
WHEREAS, the Comptroller believes that the protection of the depositors, other customers and shareholders of the Bank, as well as its safe and sound operation, no longer require the continued existence of the aforementioned Amended Consent Order;
NOW, THEREFORE, the Comptroller directs that the Amended Consent Order dated December 16, 2010, be, and it hereby is, TERMINATED.
IN TESTIMONY WHEREOF, the undersigned, designated by the Comptroller as his authorized representative, has hereunto set his hand.
| /s/ Gary D. TeKolste |
| 6-29-12 |
| Gary D. TeKolste |
| Date |
| Assistant Deputy Comptroller |
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| Denver Field Office |
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