well managed
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 1841 — for purposes of this chapter (4 versions over time)
The term “well managed” means—
(A) in the case of any company or depository institution which receives examinations, the achievement of—
(i) a CAMEL composite rating of 1 or 2 (or an equivalent rating under an equivalent rating system) in connection with the most recent examination or subsequent review of such company or institution; and
(ii) at least a satisfactory rating for management, if such rating is given; or
(B) in the case of a company or depository institution that has not received an examination rating, the existence and use of managerial resources which the Board determines are satisfactory.
12 U.S.C. § 24A — for purposes of this section
The term “well managed” means—
(A) in the case of a depository institution that has been examined, unless otherwise determined in writing by the appropriate Federal banking agency—
(i) the achievement of a composite rating of 1 or 2 under the Uniform Financial Institutions Rating System (or an equivalent rating under an equivalent rating system) in connection with the most recent examination or subsequent review of the depository institution; and
(ii) at least a rating of 2 for management, if such rating is given; or
(B) in the case of any depository institution that has not been examined, the existence and use of managerial resources that the appropriate Federal banking agency determines are satisfactory.