Section 1000.440  Business Plan

a)         All institutions whose operations are considered unsafe pursuant to Section 1000.240 of this Part, or who have a capital deficiency as defined under Section 4-16 of the Act, or any condition which would endanger the ongoing viability of the institution, shall develop a three- to five-year business plan and have the same available for review by the examiners.  Each such plan shall contain the following:

1)         Introduction;

2)         Mission statement;

3)         Corporate objectives;

4)         Corporate strategies; and

5)         Financial projections for the period of time covered by the business plan.

b)         The association's business plan shall be reviewed to determine its continued viability in accordance with current economic conditions and approved or revised, as determined by the board of directors, at least annually.

(Source:  Amended at 13 Ill. Reg. 8927, effective May 26, 1989)