Community Reinvestment Act Compliance. Acquiror Bank is in material compliance with the applicable provisions of the CRA and the regulations promulgated thereunder, and Acquiror Bank currently has a CRA rating of satisfactory or better. To the knowledge of Acquiror, there is no fact or circumstance or set of facts or circumstances that would cause Acquiror Bank to fail to comply with such provisions or cause the CRA rating of Acquiror Bank to fall below satisfactory.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Citizens Community Bancorp), Agreement and Plan of Merger (Peoples Bancshares Inc), Agreement and Plan of Merger (New England Bancshares Inc)
Community Reinvestment Act Compliance. Acquiror The Bank is in compliance in all material compliance respects with the applicable provisions of the CRA and the regulations promulgated thereunder, thereunder and Acquiror Bank currently has received a CRA rating of satisfactory or better. To “outstanding” in its most recently completed exam, and as of the date hereof neither Parent nor the Bank has knowledge of Acquiror, there is no the existence of any fact or circumstance or set of facts or circumstances that would cause Acquiror could reasonably be expected to result in the Bank to fail to comply with such provisions or cause not having at least a “satisfactory rating” following the CRA rating release of Acquiror Bank to fall below satisfactoryits next exam.
Appears in 1 contract
Community Reinvestment Act Compliance. Acquiror Acquiree Bank is in material compliance with the applicable provisions of the CRA and the regulations promulgated thereunder, and Acquiror Acquiree Bank currently has a CRA rating of satisfactory or better. To the knowledge of AcquirorAcquiree Bank, there is no fact or circumstance or set of facts or circumstances that would cause Acquiror Acquiree Bank to fail to comply with such provisions or cause the CRA rating of Acquiror Acquiree Bank to fall below satisfactory.. 15 NEXT PAGE
Appears in 1 contract
Samples: Agreement and Plan of Merger (Citizens Community Bancorp)
Community Reinvestment Act Compliance. Acquiror Bank is in ------------------------------------- material compliance with the applicable provisions of the CRA and the regulations promulgated thereunder, and Acquiror Bank currently has a CRA rating of satisfactory or better. To the knowledge of Acquiror, there is no fact or circumstance or set of facts or circumstances that would cause Acquiror Bank to fail to comply with such provisions or cause the CRA rating of Acquiror Bank to fall below satisfactory.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Firstfed America Bancorp Inc)
Community Reinvestment Act Compliance. Acquiror Bank is in material compliance with the applicable provisions of the CRA and the regulations promulgated thereunder, and Acquiror Bank currently has a CRA rating of satisfactory or better. To the knowledge of AcquirorAcquiror Bank, there is no fact or circumstance or set of facts or circumstances that would cause Acquiror Bank to fail to continue to comply with such provisions or cause the CRA rating of Acquiror Bank to fall below satisfactory.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Security of Pennsylvania Financial Corp)
Community Reinvestment Act Compliance. Acquiror Bank is in ---------------------------------------- material compliance with the applicable provisions of the CRA and the regulations promulgated thereunder, and Acquiror Bank currently has a CRA rating of satisfactory or better. To the knowledge of AcquirorAcquiror Bank, there is no fact or circumstance or set of facts or circumstances that would cause Acquiror Bank to fail to continue to comply with such provisions or cause the CRA rating of Acquiror Bank to fall below satisfactory.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Northeast Pennsylvania Financial Corp)
