|7/20/09||FDIC sends PCA letter to Broadway based on examination. Broadway is Undercapitalized.|
|8/19/09||Examination completed-- rating 5/555554.|
|9/14/09||Regional office begins review of examination report.|
|10/06/09||FDIC Legal receives draft Consent Order from IDFPR.|
|12/07/09||Exam mailed to bank.|
|1/25/10||Consent Order provided to bank. Effective 1/26/10.|
|1/26/10||Joint visitation to assess Broadway financial condition.|
|FDIC obtains Broadway's 12/31/09 Call Report information showing bank Significantly Undercapitalized.|
|2/03/10||State no longer views bank as a going concern.|
|2/04/10||FDIC sends Significantly Undercapitalized PCA notice to Broadway.|
|2/19/10||State issues Section 51 Order, provides bank 60 days to raise capital.|
|4/19/10||FDIC issues PCA Directive.|
|4/20/09 - 8/19/09||Examination -- 121 days to complete.
Chicago 2009 Average -- 64 days.
|9/14/09 - 12/07/09||Regional Office Review--
110 days from examination completion.
Chicago 2009 Average -- 70 days.
|10/06/09 - 1/25/10||Consent Order Preparation--
Effective 160 days after the exam.
Chicago 2009 Average -- 179 days
|2/19/10 - 4/23/10||DRR Resolution Planning -- 63 days.
Preferred timeframe -- 90 days.