Affiliate Merger. Subject to regulatory approval, promptly following the Closing, HRB Bank will merge with and into Block Financial. Pursuant to the Affiliate Merger, Block Financial will succeed to all of the remaining assets and liabilities of HRB Bank. As a result of the Affiliate Merger, HRB Bank will surrender its bank charter and cease to exist as a separate legal entity.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (H&r Block Inc), Purchase and Assumption Agreement (H&r Block Inc)
Affiliate Merger. Subject to regulatory approval, promptly following the Closing, HRB Bank will merge with and into Block Financial. Pursuant to the Affiliate Mergersuch merger, Block Financial will succeed to all of the remaining assets and liabilities of HRB Bank. As a result of the Affiliate Mergermerger, HRB Bank will close the Bank Office, surrender its bank charter and cease to exist as a separate legal entity.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Republic Bancorp Inc /Ky/), Purchase and Assumption Agreement (H&r Block Inc)
