Bank Organization. The Bank is an Illinois state bank duly organized, validly existing and in good standing under the laws of the State of Illinois and is not required to qualify to do business in any other jurisdiction where the failure to be so qualified would reasonably be expected to have a Material Adverse Effect on Heritage. The Bank has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted, the deposits of which are insured to the extent allowed by applicable law by the FDIC under the Bank Insurance Fund or the Savings and Loan Insurance Fund. The copies of the charter and bylaws of the Bank and all amendments thereto are substantially complete and correct and set forth on Schedule 4.2.
Bank Organization. Bank is a federal savings bank duly ------------------ organized, validly existing and in good standing under the laws of the United States of America. Bank has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary. Copies of the charter and bylaws of Bank and all amendments thereto set forth in Schedule 4.2 of the First Kansas Book of Schedules are complete and correct. Bank owns no voting stock or equity securities of any corporation, association, partnership or other entity, other than as shown on Schedule 4.2 of the First Kansas Book of Schedules.
Bank Organization. Each ISBF Subsidiary Bank is an Iowa commercial bank duly organized, validly existing and in good standing under the laws of the State of Iowa. Each other ISBF Subsidiary is duly organized, validly existing and in good standing in its state or jurisdiction of organization. Each ISBF Subsidiary has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary. The copies of the charter (or similar organizational document) and bylaws of each ISBF Subsidiary and all amendments thereto set forth on Schedule 5.2 are complete and correct.
Bank Organization. The Bank is a Wisconsin state bank with its main office located in Cottage Grove, Wisconsin, and is duly organized, validly existing and in good standing under the laws of the State of Wisconsin. The Bank has full power and authority, corporate or otherwise, to carry on its business as it is now being conducted and to own or hold under lease the properties and assets it owns or holds under lease. Except as set forth on Schedule 3.3 of the Cottage Grove Book of Schedules, the Bank owns no voting stock or equity securities of any corporation, association, partnership or other entity. All of the deposit liabilities of the Bank are insured by the Federal Deposit Insurance Corporation (the "FDIC") through the Bank Insurance Fund to the fullest extent permitted by applicable law and the Bank pays the premium assessed by the FDIC for such deposit insurance.
Bank Organization. The Bank is an Illinois savings bank duly ----------------- organized, validly existing and in good standing under the laws of the State of Illinois. The Bank has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary. Copies of the charter and bylaws of the Bank and all amendments thereto set forth on Schedule 4.2 are complete and correct.
Bank Organization. The Bank is a commercial national banking association, validly existing and in good standing under the laws of the United States of America. The Bank has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary. Copies of the charter and bylaws of the Bank and all amendments thereto are set forth on Section 4.2 of the Schedules and are complete and correct. At Closing, the Bank will have no subsidiaries.
Bank Organization. The parties’ to this Agreement agree to continue the Sick Leave Bank (Bank). Employees who desire to do so may participate in the Bank, and only Bank members may draw from the Bank. Participation shall be voluntary, but membership shall require an initial contribution of two (2) days of Sick Leave by October 1st of any school year. New employees may join the Bank within thirty (30) days of employment, and must contribute their two (2) days of sick leave within ninety (90) days of joining the Sick Leave Bank. The Sick Leave Bank shall be administered by a Sick Leave Bank Committee, hereafter called the SLBC, composed of two (2) members designated by the Executive Director and two (2) members designated by the Federation. The SLBC shall determine the eligibility of employees requesting days from the Bank, and the amount, if any, of days to be granted. The decision of the SLBC with respect to eligibility and entitlement shall be final and binding and not be subject to the grievance and arbitration provisions of this Agreement. Bank days unused in any school year shall be carried over to the next school year.
Bank Organization. The Bank is a Kansas chartered commercial bank duly organized, validly existing and in good standing under the laws of the State of Kansas. The Bank has no subsidiaries. The Bank has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary. Copies of the charter and bylaws (or similar organizational documents) of the Bank and all amendments thereto are set forth on and appended to Schedule 3.1 and are complete and correct.
Bank Organization. The Bank is a non-member savings bank duly organized, validly existing and in good standing under the laws of the State of Illinois. The Bank has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified or licensed and in good standing would not have a Material Adverse Effect on the Company. Copies of the articles of incorporation and bylaws of the Bank are set forth on Schedule 4.2 and are complete and correct.
Bank Organization. (a) Level One Bank is a commercial bank duly organized, validly existing and in good standing under the laws of the State of Michigan. Level One Bank has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary.
(b) Upon the formation of Acquisition Bank and at the Effective Time, Acquisition Bank will be duly organized, validly existing and in good standing under the laws of the State of Michigan, with full power and authority, corporate and otherwise to carry on its business as conducted as of the Effective Time, and will be duly qualified to do business and will be in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary.
