18-220H 18-220H . . . Stock Option Plan For Federal Savings Association which provides for grant of Incentive Stock Options to officers and employees and Non-qualified Stock Options to officers, employees and outside directors. Plan meets certain requirements of the Office of Thrift Supervision
Georgia Stock Option Plan For Federal Savings Association
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State:
Multi-State
Control #:
US-CC-18-220H
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Word;
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FAQ
Federal savings associations (also called "federal thrifts" or "federal Savings Banks"), in the United States, are institutions chartered by the Office of Thrift Supervision which is now administered by Office of the Comptroller of the Currency after the agencies merged.
Commercial banks are classified as: retail banks and wholesale banks. Commercial banks are intermediaries between the central bank (FED) and the ultimate money borrowers. However, savings banks are financial institution whose primary purpose consists of accepting savings deposits and paying interest on those deposits.
USAA Federal Savings Bank (FSB) FSB is an FDIC-insured Federal savings bank depository institution subject to primary regulation and supervision examination by the Office of the Comptroller of the Currency (OCC).
The Federal Savings Bank (TFSB) is an FDIC-insured bank that is privately owned by veterans. Its emphasis is on mortgage lending, but the bank also offers deposit products that earn interest. The bank was established in 2000 and is headquartered in Chicago.
TFSB 100 program allows 100% financing to homebuyers, and is designed to give our credit worthy clients the ability to own their own home!