Common use of Community Reinvestment Act Compliance Clause in Contracts

Community Reinvestment Act Compliance. 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 “satisfactory” in its most recently completed exam. Purchaser has no knowledge of the existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in Company or any such Subsidiary having its current rating lowered.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Columbia Banking System Inc), Agreement and Plan of Merger (West Coast Bancorp /New/Or/)

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Community Reinvestment Act Compliance. Purchaser 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 “satisfactory” or better in its most recently completed exam. Purchaser , and Seller has no knowledge Knowledge of the existence of any fact or circumstance or set of facts or circumstances which would could reasonably be expected to result in Company or any such Subsidiary Seller Entity having its current rating lowered.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Charter Financial Corp), Agreement and Plan of Merger (Charter Financial Corp)

Community Reinvestment Act Compliance. Purchaser 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 “satisfactory” in its most recently completed exam. Purchaser , and Company has no knowledge of the existence of any fact or circumstance or set of facts or circumstances which would could reasonably be expected to result in Company or any such Subsidiary having its current rating lowered.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Whitney Holding Corp), Agreement and Plan of Merger (Hancock Holding Co)

Community Reinvestment Act Compliance. Purchaser 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 “satisfactory” in its most recently completed exam. , and Purchaser has no knowledge of the existence of any fact or circumstance or set of facts or circumstances which would could reasonably be expected to result in Company or any such Subsidiary having its current rating lowered.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Whitney Holding Corp), Agreement and Plan of Merger (Hancock Holding Co)

Community Reinvestment Act Compliance. Purchaser 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 “satisfactory” in its most recently completed exam. Purchaser , and the Company has no knowledge Knowledge of the 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: Agreement and Plan of Merger (Columbia Banking System Inc), Agreement and Plan of Merger (Intermountain Community Bancorp)

Community Reinvestment Act Compliance. 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 “satisfactory” in its most recently completed exam. , and Purchaser has no knowledge of the existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in Company Purchaser or any such Subsidiary subsidiary having its current rating lowered.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SWS Group Inc), Agreement and Plan of Merger (Hilltop Holdings Inc.)

Community Reinvestment Act Compliance. Purchaser 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 “satisfactory” or better in its most recently completed exam. Purchaser , and Seller has no knowledge Knowledge of the existence of any fact or circumstance or set of facts or circumstances which would could reasonably be expected to result in Company or any such Subsidiary Seller Entity having its current rating loweredlowered such that it is no longer “satisfactory.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Charter Financial Corp)

Community Reinvestment Act Compliance. Purchaser 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 “satisfactory” in its most recently completed exam. Purchaser , and Company has no knowledge Knowledge of the existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in Company or any such Subsidiary having its current rating lowered.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Home Bancshares Inc)

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Community Reinvestment Act Compliance. Purchaser and each of its Subsidiaries Each Seller 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 “satisfactory” in its most recently completed exam. Purchaser , and Seller has no knowledge Knowledge of the existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in Company or any such Subsidiary Seller Entity having its current rating lowered.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Heritage Financial Group Inc)

Community Reinvestment Act Compliance. Each Purchaser and each of its Subsidiaries 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 “satisfactory” in its most recently completed exam. , and Purchaser has no knowledge Knowledge of the existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in Company or any such Subsidiary Purchaser Entity having its current rating lowered.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Heritage Financial Group Inc)

Community Reinvestment Act Compliance. Purchaser 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 “satisfactory” or better in its most recently completed exam. Purchaser , and Seller has no knowledge Knowledge of the existence of any fact or circumstance or set of facts or circumstances which which, an Executive Officer in good faith believes, would reasonably be expected to result in Company or any such Subsidiary Seller Entity having its current rating lowered.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bank First National Corp)

Community Reinvestment Act Compliance. Purchaser and each Each of its Subsidiaries the Buyer 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 “satisfactory” or better in its most recently completed exam. Purchaser , and Buyer has no knowledge Knowledge of the existence of any fact or circumstance or set of facts or circumstances which which, an executive officer of Buyer in good faith believes, would reasonably be expected to result in Company or any such Subsidiary Buyer Entity having its current rating lowered.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bank First National Corp)

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