Agreements with Regulators. Except as set forth in Legacy Disclosure Schedule 3.17, neither Legacy nor any Subsidiary of Legacy is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted since December 31, 2008 any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Legacy or any Legacy Subsidiary been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Legacy and its Subsidiaries are in compliance with all of the foregoing so listed in Legacy Disclosure Schedule 3.17. There are no formal or informal investigations, known to Legacy, relating to any regulatory matters pending before any Governmental Entity with respect to Legacy or any of its Subsidiaries. Neither of Legacy nor any Legacy Subsidiary or any of their respective executive officers or, to the knowledge of Legacy, any of their respective directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge of Legacy, threatened.
Appears in 1 contract
Samples: Agreement and Plan of Merger (ViewPoint Financial Group Inc.)
Agreements with Regulators. Except as set forth in Legacy Disclosure Schedule 3.174.3(f), neither Legacy Parent nor any Subsidiary of Legacy Parent is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted since December 31, 2008 any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Legacy or any Legacy Subsidiary Parent been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Legacy Parent, Parent Bank and its their Subsidiaries are in compliance with all of the foregoing so listed in Legacy Disclosure Schedule 3.174.3(f). There are no formal or informal investigations, known to LegacyParent, relating to any regulatory matters pending before any Governmental Entity with respect to Legacy or any of its Subsidiaries. Neither of Legacy nor any Legacy Subsidiary Parent or any of their respective Subsidiaries, that could reasonably be expected to prevent or delay the completion of this Agreement. Neither of Parent nor any of their executive officers or, to the knowledge Knowledge of LegacyParent, any of their respective directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge Knowledge of LegacyParent, threatened.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization and Merger (Sierra Bancorp)
Agreements with Regulators. Except as set forth in Legacy First Century Disclosure Schedule 3.173.15, neither Legacy First Century nor any Subsidiary of Legacy First Century is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted since December 31, 2008 2012 any policies, procedures or board resolutions at the request of, any Governmental Entity which that restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Legacy First Century or any Legacy First Century Subsidiary been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Legacy First Century and its Subsidiaries are in compliance with all of the foregoing so listed in Legacy First Century Disclosure Schedule 3.173.15. There are no formal or informal investigations, known to LegacyFirst Century, relating to any regulatory matters pending before any Governmental Entity with respect to Legacy First Century or any of its Subsidiaries. Neither of Legacy First Century nor any Legacy First Century Subsidiary or any of their respective executive officers or, to the knowledge of LegacyFirst Century, any of their respective directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which that would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge of LegacyFirst Century, threatened.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Summit Financial Group Inc)
Agreements with Regulators. Except as set forth in Legacy Disclosure Schedule 3.173.2(g), neither Legacy BOS nor any Subsidiary of Legacy BOS is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted since December 31, 2008 any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Legacy Bancorp or any Legacy Subsidiary BOS been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Legacy Bancorp, BOS and its their Subsidiaries are in compliance with all of the foregoing so listed in Legacy Disclosure Schedule 3.173.2(g). There are no formal or informal investigations, known to LegacyBancorp or BOS, relating to any regulatory matters pending before any Governmental Entity with respect to Legacy Bancorp or any of its Subsidiaries. Neither of Legacy nor any Legacy Subsidiary BOS or any of their respective Subsidiaries, that could reasonably be expected to prevent or delay the completion of this Agreement. Neither of Bancorp or BOS nor any of their executive officers or, to the knowledge Knowledge of LegacyBancorp or BOS, any of their respective directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge Knowledge of LegacyBancorp or BOS, threatened.
Appears in 1 contract
Samples: Agreement and Plan of Consolidation (Sierra Bancorp)
Agreements with Regulators. Except as set forth in Legacy Disclosure Schedule 3.174.3(f), neither Legacy Parent nor any Subsidiary of Legacy Parent is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or or, except in the ordinary course of business consistent with normal banking practices, has adopted since December 31, 2008 any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Legacy or any Legacy Subsidiary Parent been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Legacy Parent, Parent Bank and its their Subsidiaries are in compliance with all of the foregoing so listed in Legacy Disclosure Schedule 3.174.3(f). There are no formal or informal investigations, known to LegacyParent, relating to any regulatory matters pending before any Governmental Entity with respect to Legacy or any of its Subsidiaries. Neither of Legacy nor any Legacy Subsidiary Parent or any of their respective Subsidiaries, that could reasonably be expected to prevent or delay the completion of this Agreement. Neither of Parent nor any of their executive officers or, to the knowledge Knowledge of LegacyParent, any of their respective directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge Knowledge of LegacyParent, threatened.
Appears in 1 contract
Agreements with Regulators. Except as set forth in Legacy Disclosure Schedule 3.174.3(f), neither Legacy Parent nor any Subsidiary of Legacy Parent is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted since December 31, 2008 any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Legacy or any Legacy Subsidiary Parent been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Legacy Parent, Parent Bank and its their Subsidiaries are in compliance with all of the foregoing so listed in Legacy Disclosure Schedule 3.174.3(f). There are no formal or informal investigations, known to LegacyParent, relating to any regulatory matters pending before any Governmental Entity with respect to Legacy or any of its Subsidiaries. Neither of Legacy nor any Legacy Subsidiary Parent or any of their respective Subsidiaries, that could reasonably be expected to prevent or delay the completion of this Agreement. Neither of Parent nor any of their executive officers or, to the knowledge Knowledge of LegacyParent, any of their respective directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge Knowledge of LegacyParent, threatened.. 50
Appears in 1 contract
Samples: Agreement and Plan of Reorganization and Merger (Sierra Bancorp)
Agreements with Regulators. Except as set forth in Legacy Disclosure Schedule 3.173.1(n), neither Legacy Saehan nor any Subsidiary of Legacy Saehan is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted since December 31, 2008 any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Legacy or any Legacy Subsidiary Saehan been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Legacy Saehan and its Subsidiaries are in compliance with all of the foregoing so listed in Legacy Disclosure Schedule 3.173.1(n). There are no formal or informal investigations, known to LegacySaehan, relating to any regulatory matters pending before any Governmental Entity with respect to Legacy Saehan or any of its Subsidiaries. Neither of Legacy Saehan nor any Legacy Subsidiary or any of their respective its executive officers or, to the knowledge of LegacySaehan, any of their respective its directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge of LegacySaehan, threatened.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Wilshire Bancorp Inc)
Agreements with Regulators. Except as set forth in Legacy Disclosure Schedule 3.173.2(j), neither Legacy Wilshire nor any Subsidiary of Legacy Wilshire is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted since December 31, 2008 any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Legacy or any Legacy Subsidiary Wilshire been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Legacy Wilshire and its Subsidiaries are in compliance with all of the foregoing so listed in Legacy Disclosure Schedule 3.173.2(j). There are no formal or informal investigations, known to LegacyWilshire, relating to any regulatory matters pending before any Governmental Entity with respect to Legacy Wilshire or any of its Subsidiaries. Neither of Legacy Wilshire nor any Legacy Subsidiary or any of their respective its executive officers or, to the knowledge of LegacyWilshire, any of their respective its directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge of LegacyWilshire, threatened.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Wilshire Bancorp Inc)