Community Reinvestment Act Compliance. The Company and each of its Subsidiaries that is an insured depositary institution is in compliance with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Knowledge of the Company, there does not exist any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company or any such Subsidiary having its current rating lowered.
Appears in 4 contracts
Samples: Merger Agreement (Bank of Commerce Holdings), Merger Agreement (Bank of Commerce Holdings), Merger Agreement (Columbia Banking System, Inc.)
Community Reinvestment Act Compliance. The Company and each of its Subsidiaries that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Company has no Knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company or any such Subsidiary having its current rating lowered.
Appears in 4 contracts
Samples: Merger Agreement (Home Bancshares Inc), Merger Agreement (Home Bancshares Inc), Merger Agreement (Home Bancshares Inc)
Community Reinvestment Act Compliance. The Company and each of its Subsidiaries that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Knowledge Company has no knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company or any such Subsidiary having its current rating lowered.
Appears in 4 contracts
Samples: Merger Agreement (West Coast Bancorp /New/Or/), Merger Agreement (Columbia Banking System Inc), Merger Agreement (Hilltop Holdings Inc.)
Community Reinvestment Act Compliance. The Company Purchaser and each of its Subsidiaries that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Knowledge . Purchaser has no knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company or any such Subsidiary having its current rating lowered.
Appears in 2 contracts
Samples: Merger Agreement (Columbia Banking System Inc), Merger Agreement (West Coast Bancorp /New/Or/)
Community Reinvestment Act Compliance. The Company and each Each of its Company’s Subsidiaries that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Knowledge Company has no knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would could reasonably be expected to result in the Company or any such Subsidiary having its current rating lowered.
Appears in 2 contracts
Samples: Merger Agreement (Hancock Holding Co), Merger Agreement (Whitney Holding Corp)
Community Reinvestment Act Compliance. The Company and each of its Subsidiaries that is an insured depositary institution is in compliance with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Company has no Knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company or any such Subsidiary having its current rating lowered.
Appears in 2 contracts
Samples: Merger Agreement (Columbia Banking System Inc), Merger Agreement (Intermountain Community Bancorp)
Community Reinvestment Act Compliance. The Company Purchaser and each of its Subsidiaries subsidiaries that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Knowledge Purchaser has no knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company Purchaser or any such Subsidiary subsidiary having its current rating lowered.
Appears in 2 contracts
Samples: Merger Agreement (SWS Group Inc), Merger Agreement (Hilltop Holdings Inc.)
Community Reinvestment Act Compliance. The Company and each Each of its Purchaser’s Subsidiaries that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Knowledge Purchaser has no knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would could reasonably be expected to result in the Company or any such Subsidiary having its current rating lowered.
Appears in 2 contracts
Samples: Merger Agreement (Whitney Holding Corp), Merger Agreement (Hancock Holding Co)
Community Reinvestment Act Compliance. The Company and each Each of its Subsidiaries the Seller Entities that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” or better in its most recently completed exam, and to the Seller has no Knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would could reasonably be expected to result in the Company or any such Subsidiary Seller Entity having its current rating lowered.
Appears in 2 contracts
Samples: Merger Agreement (Charter Financial Corp), Merger Agreement (Charter Financial Corp)
Community Reinvestment Act Compliance. The Company and each of its Subsidiaries subsidiaries that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Knowledge Company has no knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company or any such Subsidiary subsidiary having its current rating lowered.
Appears in 2 contracts
Samples: Merger Agreement (SWS Group Inc), Merger Agreement (Hilltop Holdings Inc.)
Community Reinvestment Act Compliance. The Company and each of its Subsidiaries that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Company has no Knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company or any such Subsidiary having its current rating lowered.
Appears in 1 contract
Community Reinvestment Act Compliance. The Company and each of its Subsidiaries Each Purchaser Entity that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of at least “satisfactory” in its most recently completed exam, and to the Purchaser has no Knowledge of the Company, there does not exist existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in the Company or any such Subsidiary Purchaser Entity having its current rating lowered.
Appears in 1 contract