Common use of CRA Rating Clause in Contracts

CRA Rating. Each of the Subsidiaries or affiliates of First Place that is an insured depository institution was rated “Satisfactory” or “Outstanding” following its most recent Community Reinvestment Act examination by the regulatory agency responsible for its supervision. Neither First Place nor its Subsidiaries have received notice of and has knowledge of any planned or threatened objection by any community group to the transactions contemplated hereby.

Appears in 4 contracts

Samples: Merger Agreement (Camco Financial Corp), Merger Agreement (First Place Financial Corp /De/), Merger Agreement (First Place Financial Corp /De/)

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CRA Rating. Each of the Subsidiaries or affiliates of First Place that is an insured depository institution was rated "Satisfactory" or "Outstanding" following its most recent Community Reinvestment Act examination by the regulatory agency responsible for its supervision. Neither First Place nor its Subsidiaries have received notice of and has knowledge of any planned or threatened objection by any community group to the transactions contemplated hereby.

Appears in 2 contracts

Samples: Merger Agreement (Franklin Bancorp Inc Mi), Merger Agreement (OC Financial Inc)

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