Comptroller's Licensing Manual

Oath of Bank Director
Bank Name ___________________________

Charter No. ______________

Date __________________
City

County

State

____

I, the undersigned, a (proposed) director of the above-named bank do solemnly swear
(affirm) that:
As a director, I have a legal responsibility and a fiduciary duty to shareholders to
administer the depository institution’s affairs faithfully and to oversee its management.
In carrying out my duties and responsibilities, I shall exercise reasonable care and place
the interests of the depository institution before my own interests. I shall fulfill my duties
of loyalty and care to the above-named depository institution.
I shall, commensurate with my duties, diligently and honestly administer the
affairs of the depository institution, and I shall not knowingly violate, or willingly permit
to be violated, any applicable statute or regulation. I shall ensure that I learn of changes
in statutes, regulations, and policies of the Office of Comptroller of the Currency, the
Federal Deposit Insurance Corporation, or any state to whose jurisdiction my association
is subject, which affect my duties, responsibilities, or obligations as a director and
affiliated person of the association.
I am the owner, in good faith and in my own right, of the number of shares of
stock that the law requires. I have either subscribed for this stock or it is issued and
outstanding, and it is not hypothecated, or in any way pledged, as security for any loan or
debt.
I shall attend meetings of the board of directors and participate fully on all
committees of the board to which I am appointed.
Signature _______________________________________
Typed Name ____________________________________
Mailing Address__________________________________
City __________________ State ___________ ZIP Code _________
Notary’s Affirmation
Sworn to before me and subscribed in my presence, this

day of

Notary Public ______________________________________
My Commission Expires _____________________________

, _______.