MBFI » Topics » General

These excerpts taken from the MBFI 10-K filed Feb 27, 2009.
General.  We are primarily a commercial lender and our loan portfolio consists primarily of loans to businesses or for business purposes.
 
General.  We are
primarily a commercial lender and our loan portfolio consists primarily of loans
to businesses or for business purposes.

 

General.  We are
primarily a commercial lender and our loan portfolio consists primarily of loans
to businesses or for business purposes.

 

In General.  If, for any reason, all or any portion of a Participant’s benefits under this Plan becomes taxable to the Participant prior to receipt, a Participant may petition the Committee before a Change in Control, or the trustee of the Trust after a Change in Control, for a distribution of that portion of his or her benefit that has become taxable.  Upon the grant of such a petition, which grant shall not be unreasonably withheld (and, after a Change in Control, shall be granted), a Participant’s Employer shall distribute to the Participant immediately available funds in an amount equal to the taxable portion of his or her benefit (which amount shall not exceed a Participant’s unpaid Account Balance under the Plan).  If the petition is granted, the tax liability distribution shall be made within 90 days of the date when the Participant’s petition is granted.  Such a distribution shall affect and reduce the benefits to be paid under this Plan.
 
(b) 
In General.  If, for any reason, all or any portion of a Participant’s benefits under this Plan becomes taxable to the Participant prior to receipt, a Participant may petition the Committee before a Change in Control, or the trustee of the Trust after a Change in Control, for a distribution of that portion of his or her benefit that has become taxable.  Upon the grant of such a petition, which grant shall not be unreasonably withheld (and, after a Change in Control, shall be granted), a Participant’s Employer shall distribute to the Participant immediately available funds in an amount equal to the taxable portion of his or her benefit (which amount shall not exceed a Participant’s unpaid Account Balance under the Plan).  If the petition is granted, the tax liability distribution shall be made within 90 days of the date when the Participant’s petition is granted.  Such a distribution shall affect and reduce the benefits to be paid under this Plan.
 
(b) 
General.  Deposits, short-term and long-term borrowings, including junior subordinated notes issued to capital trusts and subordinated debt, loan and investment security repayments and prepayments, proceeds from the sale of securities, and cash flows generated from operations are the primary sources of our funds for lending, investing, leasing and other general purposes.  Loan repayments are a relatively predictable source of funds except during periods of significant interest rate declines, while deposit flows tend to fluctuate with prevailing interests rates, money markets conditions, general economic conditions and competition.
 
General.  Deposits,
short-term and long-term borrowings, including junior subordinated notes issued
to capital trusts and subordinated debt, loan and investment security repayments
and prepayments, proceeds from the sale of securities, and cash flows generated
from operations are the primary sources of our funds for lending, investing,
leasing and other general purposes.  Loan repayments are a relatively
predictable source of funds except during periods of significant interest rate
declines, while deposit flows tend to fluctuate with prevailing interests rates,
money markets conditions, general economic conditions and
competition.

 

General.  Deposits,
short-term and long-term borrowings, including junior subordinated notes issued
to capital trusts and subordinated debt, loan and investment security repayments
and prepayments, proceeds from the sale of securities, and cash flows generated
from operations are the primary sources of our funds for lending, investing,
leasing and other general purposes.  Loan repayments are a relatively
predictable source of funds except during periods of significant interest rate
declines, while deposit flows tend to fluctuate with prevailing interests rates,
money markets conditions, general economic conditions and
competition.

 

In
General
.  If, for any reason, all or any portion of a
Participant’s benefits under this Plan becomes taxable to the Participant prior
to receipt, a Participant may petition the Committee before a Change in Control,
or the trustee of the Trust after a Change in Control, for a distribution of
that portion of his or her benefit that has become taxable.  Upon the
grant of such a petition, which grant shall not be unreasonably withheld (and,
after a Change in Control, shall be granted), a Participant’s Employer shall
distribute to the Participant immediately available funds in an amount equal to
the taxable portion of his or her benefit (which amount shall not exceed a
Participant’s unpaid Account Balance under the Plan).  If the petition
is granted, the tax liability distribution shall be made within 90 days of the
date when the Participant’s petition is granted.  Such a distribution
shall affect and reduce the benefits to be paid under this Plan.

 

(b) 
In
General
.  If, for any reason, all or any portion of a
Participant’s benefits under this Plan becomes taxable to the Participant prior
to receipt, a Participant may petition the Committee before a Change in Control,
or the trustee of the Trust after a Change in Control, for a distribution of
that portion of his or her benefit that has become taxable.  Upon the
grant of such a petition, which grant shall not be unreasonably withheld (and,
after a Change in Control, shall be granted), a Participant’s Employer shall
distribute to the Participant immediately available funds in an amount equal to
the taxable portion of his or her benefit (which amount shall not exceed a
Participant’s unpaid Account Balance under the Plan).  If the petition
is granted, the tax liability distribution shall be made within 90 days of the
date when the Participant’s petition is granted.  Such a distribution
shall affect and reduce the benefits to be paid under this Plan.

 

(b) 
In
General
.  If, for any reason, all or any portion of a
Participant’s benefits under this Plan becomes taxable to the Participant prior
to receipt, a Participant may petition the Committee before a Change in Control,
or the trustee of the Trust after a Change in Control, for a distribution of
that portion of his or her benefit that has become taxable.  Upon the
grant of such a petition, which grant shall not be unreasonably withheld (and,
after a Change in Control, shall be granted), a Participant’s Employer shall
distribute to the Participant immediately available funds in an amount equal to
the taxable portion of his or her benefit (which amount shall not exceed a
Participant’s unpaid Account Balance under the Plan).  If the petition
is granted, the tax liability distribution shall be made within 90 days of the
date when the Participant’s petition is granted.  Such a distribution
shall affect and reduce the benefits to be paid under this Plan.

 

(b) 
In
General
.  If, for any reason, all or any portion of a
Participant’s benefits under this Plan becomes taxable to the Participant prior
to receipt, a Participant may petition the Committee before a Change in Control,
or the trustee of the Trust after a Change in Control, for a distribution of
that portion of his or her benefit that has become taxable.  Upon the
grant of such a petition, which grant shall not be unreasonably withheld (and,
after a Change in Control, shall be granted), a Participant’s Employer shall
distribute to the Participant immediately available funds in an amount equal to
the taxable portion of his or her benefit (which amount shall not exceed a
Participant’s unpaid Account Balance under the Plan).  If the petition
is granted, the tax liability distribution shall be made within 90 days of the
date when the Participant’s petition is granted.  Such a distribution
shall affect and reduce the benefits to be paid under this Plan.

 

(b) 
These excerpts taken from the MBFI 10-K filed Feb 29, 2008.
General.   Deposits, short-term and long-term borrowings, including junior subordinated notes issued to capital trusts and subordinated debt, loan and investment security repayments and prepayments, proceeds from the sale of securities, and cash flows generated from operations are the primary sources of our funds for lending, investing, leasing and other general purposes.  Loan repayments are a relatively predictable source of funds except during periods of significant interest rate declines, while deposit flows tend to fluctuate with prevailing interests rates, money markets conditions, general economic conditions and competition.

General.   Deposits,
short-term and long-term borrowings, including junior subordinated notes issued
to capital trusts and subordinated debt, loan and investment security repayments
and prepayments, proceeds from the sale of securities, and cash flows generated
from operations are the primary sources of our funds for lending, investing,
leasing and other general purposes.  Loan repayments are a relatively
predictable source of funds except during periods of significant interest rate
declines, while deposit flows tend to fluctuate with prevailing interests rates,
money markets conditions, general economic conditions and
competition.



This excerpt taken from the MBFI DEF 14A filed Mar 31, 2005.
General.  The Boards of Directors of the Company and the Bank have delegated to the Organization and Compensation Committee the responsibility and authority to oversee the general compensation policies of the Company and the Bank, to establish compensation plans and specific compensation levels for executive officers, and to review the recommendations of management for compensation and benefits for other officers and employees of the Company and the Bank.  The Organization and Compensation Committee is composed solely of independent directors.

 

The Organization and Compensation Committee has adopted an executive compensation program designed to: (i) offer competitive compensation packages in order to attract, motivate, retain and reward those key executive officers who are crucial to the long-term success of the Company; (ii) establish a direct link between executive compensation and annual and long-term performance of the Company; and (iii) encourage decision-making that maximizes long-term shareholder value.  The Organization and Compensation Committee’s primary compensation objective is to ensure that such compensation be tied to the achievement of both short term and longer term goals and objectives established in conjunction with the Company’s annual and multi-year planning processes, and to ensure that a significant portion of total compensation is at risk for those executive officers who have significant control over and responsibility for the direction and performance of the Company.

 

Set forth below is a description of the guidelines followed by the Organization and Compensation Committee in establishing the compensation program for executive officers of the Company and the Bank for 2004.

 

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