Common use of Continuation of Banking Business Clause in Contracts

Continuation of Banking Business. The Assuming Bank agrees to provide full service banking in the trade area of the Failed Bank commencing on the first banking business day after Bank Closing and to maintain such presence until it has received all necessary regulatory approvals to cease providing such banking services in the trade area. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area.

Appears in 18 contracts

Samples: Purchase and Assumption Agreement (Midland States Bancorp, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

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Continuation of Banking Business. The Assuming Bank agrees to provide full service banking in the trade area of the Failed Bank commencing on the first banking business day (including a Saturday) after Bank Closing and to maintain such presence until it has received all necessary regulatory approvals to cease providing such banking services in the trade area. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area.

Appears in 18 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

Continuation of Banking Business. The Assuming Bank agrees to provide full service banking in the trade area of the Failed Bank commencing on the first banking business day (including a Saturday) after Bank Closing and to maintain such presence until it has received all necessary regulatory approvals to cease providing such banking services in the trade areaClosing. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area.

Appears in 12 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

Continuation of Banking Business. The Assuming Bank agrees to provide full service banking in the trade area of the Failed Bank commencing on the first banking business day (excluding a Saturday) after the Bank Closing and to maintain such presence until it has received all necessary regulatory approvals to cease providing such banking services in the trade areaDate. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

Continuation of Banking Business. The Assuming Bank agrees to provide full service banking in the trade area of the Failed Bank commencing on the first banking business day (including a Saturday) after the Bank Closing and to maintain such presence until it has received all necessary regulatory approvals to cease providing such banking services in the trade areaDate. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp), Purchase and Assumption Agreement (Prosperity Bancshares Inc), Purchase and Assumption Agreement (MBT Financial Corp)

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Continuation of Banking Business. The Assuming Bank agrees to provide full service banking in the trade area of the Failed Bank commencing on the first banking business day after Bank Closing and to maintain such presence until it has received all necessary regulatory approvals to cease providing such banking services in the trade area. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, Module 1 Whole Bank w/ Loss Share – P&A Version 1.03 15 STRATEGIC CAPITAL BANK CHAMPAIGN, or at other premises within such trade area.IL March 31, 2009

Appears in 1 contract

Samples: Purchase and Assumption Agreement

Continuation of Banking Business. The Assuming Bank agrees to provide full service banking in the trade area of the Failed Bank commencing on the first banking business day (including a Saturday) after Bank Closing and to maintain such presence until it has received all necessary regulatory approvals to cease providing such banking services in the trade areaDate. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Usb Holding Co Inc)

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