CDCI Application

OMB Control Number 1505
1505-0223

Application Guidelines for TARP Community
ommunity Development Capital Initiative
This application is used by certified Community Development Financial Institutions (“CDFIs”)
regulated by the Federal Deposit Insurance Corporation, Board of Governors of the Federal
Reserve System, Office of the Comptroller of the Currency,
Currency and Office of Thrift Supervision
(each a “Regulator” and collectively, the “Regulators”) to request participation in the
Community Development Capital Initiative (“CDCI”) under the Troubled Asset Relief Program
(“TARP”). Through the CDCI,
CDCI the U.S. Department of the Treasury (“Treasury
Treasury”) may purchase
qualifying assets from U.S. banking organizations.
The application must be submitted to the appropriate Regulator for the applicant. If the applicant
is a bank holding company, the application should be submitted to both the applicant’s
applicant’ holding
company supervisor and the supervisor of the largest insured depository institutio
institution controlled by
the applicant. All inquiries regarding preparation of the application should be directed to the
appropriate Regulator for the applicant. The regulators may request additional information from
the applicant.
All applications must be submi
submitted no later than 5pm (EST), April 30, 2010
10.
More detailed information, including submission instructions, can be found at the applicable
Regulator’s website:
1.
2.
3.
4.

For the Federal Deposit Insurance Corporation: www.fdic.gov
For the Federal Reserve: www.federalreserve.gov
For the Office of the Comptroller of the Currency: www.occ.treas.gov
For the Office of Thrift Supervision: www.ots.treas.gov

The terms of the CDCI are described generally in this application. However, this description is
not binding on the Treasury and is intended to provide general information only. The actual
terms and conditions of the CDCI are contained in documentation that will be available from
Treasury online at http://FinancialStability.gov/.
http://FinancialStability.gov/
Eligible Institutions
The CDCI is available to bank holding companies, financial holding companies, insured
depository institutions, and savings and loan
loan holding companies that engage solely or
predominately in activities that are permissible for financial holding
holding companies under relevant
law, subject to regulation by one or more of the Regulators, and certified CDFIs.
CDFIs To qualify, the

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applicant must be established and operating in the United States and may not be controlled by a
foreign bank or company.
Institutions must consult with their appropriate Regulator prior to submitting this application.
Certain Conditions for Participation in the CDCI
To be eligible for the CDCI, the applicant must receive approval from Treasury. In addition, the
applicant must agree to certain terms and conditions and make certain representations and
warranties described in various agreements that will be prepared by the Treasury and available
online at http://FinancialStability.gov/. Failure to agree to all terms and conditions may result in
disqualification from the CDCI. A summary term sheet currently is available online at
http://FinancialStability.gov/. Detailed investment agreements and associated documentation
will be posted soon. Each applicant must obtain and review a copy of these agreements and
agree to all of the terms and conditions, including representations and warranties, contained in
these agreements.
Among the conditions to participation in the CDCI is the requirement that the applicant and its
covered officers and employees must agree to comply with the rules, regulations and guidance of
the Treasury with respect to executive compensation, transparency, accountability and
monitoring, as published and in effect at the time of the investment closing. These rules,
regulations and guidance are explained online at http://FinancialStability.gov/.
Assets Purchased by Treasury
All assets purchases will occur at the highest-tier holding company in cases in which the banking
organization has a bank holding company or a savings and loan holding company. In these
cases, the assets eligible for purchase by Treasury under the CDCI is cumulative perpetual
preferred stock or subordinated debentures issued by the applicant, in the case of a Subchapter S
corporation or mutual organization. The shares of preferred stock must be pari passu with the
most senior perpetual preferred shares available by the applicant and subordinated debentures
must be senior to other capital instruments.
In the case of an insured depository institution that is not controlled by a holding company, the
capital eligible for purchase by Treasury under the CDCI is non-cumulative perpetual preferred
stock of the insured depository institution or subordinated debentures, in the case of a Subchapter
S corporation or mutual organization. The shares must be pari passu with the most senior
perpetual preferred shares available by the applicant and subordinated debentures must be senior
to other capital instruments.
Institutions that received any amount of capital under the TARP Capital Purchase Program
(“CPP”) can apply to exchange all existing CPP preferred stock for CDCI preferred stock at the
lower dividend rate on the terms set forth in the CDCI term sheets.
Other Information

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The applicant must identify and describe any mergers, acquisitions, or other capital raisings that
are currently pending or are under negotiation and the expected consummation date.
Confidentiality
Any applicant desiring confidential treatment of specific portions of the application must submit
a request in writing with the application. The request must discuss the justification for the
requested treatment. The applicant’s reasons for requesting confidentiality should specifically
demonstrate the harm (for example, loss of competitive position, invasion of privacy) that would
result from public release of information (See 5 U.S.C. 552). Information for which confidential
treatment is requested should be: (1) specifically identified in the public portion of the
application (by reference to the confidential section); (2) separately bound; and (3) labeled
“Confidential.” The applicant should follow the same procedure when requesting confidential
treatment for the subsequent filing of supplemental information to the application.
The applicant should contact the appropriate Regulator for specific instructions regarding
requests for confidential treatment. The appropriate Regulator will determine whether the
information will be treated as confidential and will advise the applicant of any decision to make
available to the public information labeled as “Confidential.”

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OMB Control Number 1505
1505-0223

Application for TARP Community Development Capital Initiative
Please complete the following information and follow the submission instructions as described
on your federal
ederal banking agency’s website. In addition to completing the information on this
form, please provide a description of any mergers, acquisitions, or other capital raisings that are
currently pending or are under negotiation and the expected consummation date (no longer than
1 page).

Institution Name:
Address of Institution:

Primary Contact Name:
Primary Contact Phone Number:
Primary Contact Fax Number:
Primary Contact Email Address:

Secondary Contact Name:
Secondary Contact Phone Number:
Secondary Contact Fax Number:
Secondary Contact Email Address:
RSSD, Holding Company Docket
Number and/or FDIC Certificate
Number, as Relevant:
Amount of Investment Requested:
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Indicate whether the Institution will
“exchange” Preferred Shares under
the Capital Purchase Program and
the amount to be exchanged:
Amount of Institution’s Authorized
but Unissued Preferred Stock
Available for Purchase:
Amount of Institution’s Authorized
but Unissued Common Stock:
Amount of Total Risk-Weighted
Assets as Reported on the Holding
Company’s or Applicable
Institution’s Most Recent FR-Y9,
Call Report, or TFR, as Relevant:
Institution has Reviewed the Term
Sheets and Related Documentation
on Treasury’s Website (Yes/No):
Signature of Chief Executive
Officer (or Authorized Designee):
Date of Signature: