Allowance for Loan Losses. The Allowance for Loan Losses of the Company and its Subsidiaries (“ALL”) is, and shall be as of the Effective Time, in compliance in all material respects with the Company’s existing methodology for determining the adequacy of its ALL and is adequate as provided under the standards established by applicable Governmental Entities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 3 contracts
Samples: Merger Agreement (Foothill Independent Bancorp), Merger Agreement (Foothill Independent Bancorp), Merger Agreement (State National Bancshares, Inc.)
Allowance for Loan Losses. The Company's Allowance for Loan Losses of the Company and its Subsidiaries (“"ALL”") is, and shall be as of the Effective TimeDate, in compliance in all material respects with the Company’s 's existing methodology for determining the adequacy of its ALL and is adequate as provided under well as the standards established by applicable Governmental Entities Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 2 contracts
Samples: Merger Agreement (First Community Bancorp /Ca/), Merger Agreement (First Community Bancorp /Ca/)
Allowance for Loan Losses. The Allowance for Loan Losses of Company and the Company and its Subsidiaries Bank’s allowance for loan losses (“ALL”) is, and shall be as of the Effective Time, in compliance in all material respects with the Company’s existing applicable methodology for determining the adequacy of its ALL and is adequate as provided under well as the standards established by applicable Governmental Entities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 2 contracts
Samples: Merger Agreement (Heritage Oaks Bancorp), Merger Agreement (Mission Community Bancorp)
Allowance for Loan Losses. The Company’s Allowance for Loan Losses of the Company and its Subsidiaries (“ALL”) is, and shall be as of the Effective TimeDate, in compliance in all material respects with the Company’s existing methodology for determining the adequacy of its ALL and is adequate as provided under well as the standards established by applicable Governmental Entities Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 2 contracts
Samples: Merger Agreement (First Community Bancorp /Ca/), Merger Agreement (First Community Bancorp /Ca/)
Allowance for Loan Losses. The Allowance Company’s and each of its Subsidiaries’, allowance for Loan Losses of the Company and its Subsidiaries loan losses (“ALL”) is, and shall be as of the Effective Time, in compliance in all material respects with the Companyeach of such entity’s existing methodology for determining the adequacy of its ALL and is adequate as provided under well as the standards established by applicable Governmental Entities Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Hanmi Financial Corp), Merger Agreement (Hanmi Financial Corp)
Allowance for Loan Losses. The Allowance for Loan Losses of the Company and its Subsidiaries (“ALL”) is, and shall be as of the Company Merger Effective Time, in compliance in all material respects with the Company’s existing methodology for determining the adequacy of its ALL and is adequate as provided under the standards established by applicable Governmental Entities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.
Appears in 2 contracts
Samples: Merger Agreement (BWC Financial Corp), Merger Agreement (BWC Financial Corp)
Allowance for Loan Losses. The Allowance Company’s allowance for Loan Losses of the Company and its Subsidiaries loan losses (“ALL”) is, and shall be as of the Effective Time, in compliance in all material respects with the Company’s existing methodology for determining the adequacy of its ALL and is adequate as provided under well as the standards established by applicable Governmental Entities 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 Allowance Company’s allowance for Loan Losses of the Company and its Subsidiaries loan losses (“ALL”) is, and shall be as of the Effective Time, in compliance in all material respects with the Company’s its existing methodology for determining the adequacy of its ALL and is adequate as provided under well as the standards established by applicable Governmental Entities Authorities and the Financial Public Accounting Standards Oversight Board and is and shall be adequate under all such standards.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Placer Sierra Bancshares)
Allowance for Loan Losses. The Allowance allowance for Loan Losses loan losses (“ALL”) of the Company and its Subsidiaries (“ALL”) is, and shall be as of the Effective Time, in compliance in all material respects with the Company’s existing methodology for determining the adequacy of its ALL and is adequate as provided under the standards established by applicable Governmental Entities and the Financial Accounting Standards Board and is and shall be adequate under all such standardsBoard.
Appears in 1 contract
Samples: Merger Agreement (First California Financial Group, Inc.)
