Bank and Related Merger Transactions. (a) As soon as practicable following the Merger Effective Date, Xxxxxx Bancorp shall, and it shall cause Innes Street (as the Surviving Corporation in the Merger) to, effect the Company Merger by executing a merger agreement and filing articles of merger or a certificate of complete liquidation with the Office of the North Carolina Secretary of State pursuant to the NCBCA, and articles of combination with the OTS. The Company Merger shall become effective at the time (the "Subsequent Effective Time") specified in the articles of merger or certificate of complete liquidation and/or articles of combination. As a result of the Company Merger, the separate corporate existence of Innes Street shall cease and Xxxxxx Bancorp shall be the surviving corporation and continue its corporate existence under the laws of the United States.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Innes Street Financial Corp), Agreement and Plan of Merger (Innes Street Financial Corp), Agreement and Plan of Merger (Innes Street Financial Corp)
Bank and Related Merger Transactions. (a) As soon as practicable following the Merger Effective Date, Xxxxxx Northwest Bancorp shall, and it shall cause Innes Street Prestige Bancorp (as the Surviving Corporation in the Merger) to, effect the Company Merger by executing a merger agreement and filing articles of merger or a certificate of complete liquidation with the Office of the North Carolina Pennsylvania Secretary of State pursuant to the NCBCAPBCA, and articles of combination with the OTS. The Company Merger shall become effective at the time (the "Subsequent Effective Time") specified in the articles of merger or certificate of complete liquidation and/or articles of combination. As a result of the Company Merger, the separate corporate existence of Innes Street Prestige Bancorp shall cease and Xxxxxx Northwest Bancorp shall be the surviving corporation and continue its corporate existence under the laws of the United States.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Prestige Bancorp Inc)
Bank and Related Merger Transactions. (a) As soon as practicable following the Merger Effective Date, Xxxxxx Gxxxxx Bancorp shall, and it shall cause Innes Street (as the Surviving Corporation in the Merger) to, effect the Company Merger by executing a merger agreement and filing articles of merger or a certificate of complete liquidation with the Office of the North Carolina Secretary of State pursuant to the NCBCA, and articles of combination with the OTS. The Company Merger shall become effective at the time (the "Subsequent Effective Time") specified in the articles of merger or certificate of complete liquidation and/or articles of combination. As a result of the Company Merger, the separate corporate existence of Innes Street shall cease and Xxxxxx Gxxxxx Bancorp shall be the surviving corporation and continue its corporate existence under the laws of the United States.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Gaston Federal Bancorp Inc)
