Community Reinvestment Act Compliance. Target Bank is in material compliance with the applicable provisions of the Community Reinvestment Act ("CRA") and the regulations promulgated thereunder, and Target Bank currently has a CRA rating of satisfactory or better. To the knowledge of Target, there is no fact or circumstance or set of facts or circumstances that would cause Target Bank to fail to continue to comply with such provisions or cause the CRA rating of Target Bank to fall below satisfactory.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Security of Pennsylvania Financial Corp)
Community Reinvestment Act Compliance. Target Bank is in material compliance with the applicable provisions of the Community Reinvestment Act CRA ("CRA"as defined in Section 8.1) and the regulations promulgated thereunder, and Target Bank currently has a CRA rating of satisfactory or better. To the knowledge of Target, there is no fact or circumstance or set of facts or circumstances that would cause Target Bank to fail to continue to comply with such provisions or cause the CRA rating of Target Bank to fall below satisfactory.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Peoples Bancshares Inc)
Community Reinvestment Act Compliance. Target Bank is in ---------------------------------------- material compliance with the applicable provisions of the Community Reinvestment Act ("CRA") and the regulations promulgated thereunder, and Target Bank currently has a CRA rating of satisfactory or better. To the knowledge of Target, there is no fact or circumstance or set of facts or circumstances that would cause Target Bank to fail to continue to comply with such provisions or cause the CRA rating of Target Bank to fall below satisfactory.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Northeast Pennsylvania Financial Corp)
Community Reinvestment Act Compliance. Target Bank is in ------------------------------------- material compliance with the applicable provisions of the Community Reinvestment Act CRA ("CRA"as defined in SECTION 8.1) and the regulations promulgated thereunder, and Target Bank currently has a CRA rating of satisfactory or better. To the knowledge of Target, there is no fact or circumstance or set of facts or circumstances that would cause Target Bank to fail to continue to comply with such provisions or cause the CRA rating of Target Bank to fall below satisfactory.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Firstfed America Bancorp Inc)
