Allowance for Loan Losses. The Company's allowance for loan losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 8 contracts
Samples: Merger Agreement (Bancorp Connecticut Inc), Merger Agreement (Banknorth Group Inc/Me), Merger Agreement (Banknorth Group Inc/Me)
Allowance for Loan Losses. The Company's ’s allowance for loan losses is, and shall be as of the Effective Date, is in compliance with the Company's ’s existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities Entities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 2 contracts
Samples: Merger Agreement (People's United Financial, Inc.), Merger Agreement (Danvers Bancorp, Inc.)
Allowance for Loan Losses. The Company's ’s allowance for loan losses is, and shall be as of the Effective Date, is in compliance with the Company's ’s existing methodology for determining the adequacy of its allowance for loan losses as well as and, to the knowledge of the Company, the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 2 contracts
Samples: Merger Agreement (Falmouth Bancorp Inc), Merger Agreement (Independent Bank Corp)
Allowance for Loan Losses. The In the case of the Company's , its allowance for loan losses is, and shall be as of the Effective DateMarch 31, 2010 is in compliance with the Company's ’s existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities Entities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 2 contracts
Samples: Merger Agreement (People's United Financial, Inc.), Merger Agreement (Smithtown Bancorp Inc)
Allowance for Loan Losses. The Company's Company Bank’s allowance for loan losses is, is and shall will be as of at the Effective Date, Time in compliance accordance (i) with the Company's its existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by losses, (ii) with GAAP in all materials respects and (iii) with all applicable regulatory requirements of any Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standardsEntity.
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Allowance for Loan Losses. The Company's allowance for loan losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as and, to the knowledge of the Company, the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
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Allowance for Loan Losses. The Company's allowance for loan ---------------------------- losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 1 contract
Allowance for Loan Losses. The Company's allowance for loan losses is, and shall be as of the Effective Date, is in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as and, to the knowledge of the Company, the standards established by 45 applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 1 contract
Allowance for Loan Losses. The Company's allowance for loan losses is, and shall be as of the Effective Date, is in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as and, to the knowledge of the Company, the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
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