Common use of Allowance for Loan Losses Clause in Contracts

Allowance for Loan Losses. FNB Bank’s allowance for loan losses is sufficient at the date of this Agreement for its reasonably anticipated loan losses, is in compliance with the standards established by applicable Governmental Entities and GAAP and, to the knowledge of FNB, is adequate.

Appears in 9 contracts

Samples: Merger Agreement (PVF Capital Corp), Merger Agreement (FNB Corp/Fl/), Merger Agreement (FNB Corp/Fl/)

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Allowance for Loan Losses. At the date of this Agreement, FNB Bank’s allowance for loan losses is sufficient at the date of this Agreement for its reasonably anticipated loan losses, is in compliance with the standards established by applicable Governmental Entities and GAAP and, to the knowledge of FNB, is adequateadequate under GAAP.

Appears in 3 contracts

Samples: Merger Agreement (FNB Corp/Fl/), Merger Agreement, Merger Agreement (Metro Bancorp, Inc.)

Allowance for Loan Losses. At the date of this Agreement, FNB Bank’s allowance for loan losses is sufficient at the date of this Agreement for its reasonably anticipated loan losses, is in compliance with the standards established by applicable Governmental Entities and GAAP and, to the knowledge of FNB, is adequate.

Appears in 2 contracts

Samples: Merger Agreement (BCSB Bancorp Inc.), Merger Agreement (FNB Corp/Fl/)

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Allowance for Loan Losses. At the date of this Agreement, FNB Bank’s allowance for loan losses is sufficient at the date of this Agreement for its reasonably anticipated loan losses, is in compliance with the standards established by applicable Governmental Entities and GAAP and, to the knowledge of FNB, is adequateare adequate under GAAP.

Appears in 1 contract

Samples: Merger Agreement (FNB Corp/Fl/)

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