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Common use of CRA Compliance Clause in Contracts

CRA Compliance. CMTY and Community Banks are in material compliance with the applicable provisions of the CRA, and, as of the date hereof, Community Banks has received a CRA rating of “satisfactory” or better from the FDIC. To the Knowledge of CMTY, there is no fact or circumstance or set of facts or circumstances which would cause Community Banks to fail to comply with such provisions in a manner which would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Merger Agreement (Community Banks Inc /Pa/), Merger Agreement (Pennrock Financial Services Corp)

CRA Compliance. CMTY and Community Banks are in material compliance with the applicable provisions of the CRA, and, as of the date hereof, Community Banks has received a CRA rating of "satisfactory" or better from the FDIC. To the Knowledge of CMTY, there is no fact or circumstance or set of facts or circumstances which would cause Community Banks to fail to comply with such provisions in a manner which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Merger Agreement (Bucs Financial Corp)

CRA Compliance. CMTY and Community Banks are in material compliance with the applicable provisions of the CRA, and, as of the date hereof, Community Banks has received a CRA rating of “satisfactory” or better from the FDIC. To the Knowledge of CMTY, there is no fact or circumstance or set of facts or circumstances which would cause Community Banks to fail to comply with such provisions in a manner which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Merger Agreement (Community Banks Inc /Pa/)