Bank Combination Sample Clauses

The Bank Combination clause defines the terms and procedures under which two or more banks may merge or consolidate their operations. Typically, this clause outlines the necessary approvals, the treatment of assets and liabilities, and the process for integrating customer accounts and services. For example, it may specify how existing contracts are handled or how regulatory compliance is maintained during the combination. Its core practical function is to provide a clear framework for combining banking entities, thereby minimizing operational disruptions and ensuring legal and financial continuity.