I don't think there was any carve out for deposit, lending or provision of services to the bank by its outside directors. My recollection is that SOX questions the independence of someone who has a "signficant relationship with the bank" but then leaves that term undefined. We have not had to pursue this question any further since we are privately held, but as an example of "significant", the FDIC asks in its PERL for all depositors owning at least 5% of total depositors and names this list as "significant depositors". So that is how we define significant now.
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.