Affiliate Merger. Subject to regulatory approval, promptly following the Closing, HRB Bank will merge with and into Block Financial. Pursuant to such merger, Block Financial will succeed to all of the remaining assets and liabilities of HRB Bank. As a result of the merger, 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)
Affiliate Merger. Subject to regulatory approval, promptly following the Closing, HRB Bank will merge with and into Block Financial. Pursuant to such mergerthe Affiliate Merger, Block Financial will succeed to all of the remaining assets and liabilities of HRB Bank. As a result of the mergerAffiliate Merger, 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 (H&r Block Inc), Purchase and Assumption Agreement (H&r Block Inc)
