I'll take a stab.
What is an extension of credit?
(e) A participation without recourse is considered to be an extension of credit by the participating bank, not by the originating bank.
How is the participation structured...with or without recourse? Probably without.
If so, then I would say that he is limited to what your bank can hold based on your size.
(4) For any other purpose not specified in paragraphs (c)(1) through (c)(3) of this section, if the aggregate amount of extensions of credit to that executive officer under this paragraph does not exceed at any one time the higher of 2.5 per cent of the bank's unimpaired capital and unimpaired surplus or $25,000, but in no event more than $100,000.
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My opinion only. Not legal advice.
Say you'll haunt me - Stone Sour