Common use of Directors and Officers of the Surviving Bank Clause in Contracts

Directors and Officers of the Surviving Bank. The directors and officers of Parent Bank immediately prior to the Bank Merger shall be the directors and officers of Parent Bank, as the surviving corporation of the Bank Merger, until their respective successors shall be duly elected and qualified or otherwise duly selected.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization and Merger (Sierra Bancorp), Agreement and Plan of Reorganization and Merger (Sierra Bancorp)

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Directors and Officers of the Surviving Bank. The directors and officers of Parent Bank immediately prior to the Bank Merger shall be the directors and officers of Parent Bank, as the surviving corporation of the Bank Merger, and four (4) mutually agreed-upon directors of Company Bank, until their respective successors shall be duly elected and qualified or otherwise duly selected.

Appears in 1 contract

Samples: Agreement of Merger (First Choice Bancorp)

Directors and Officers of the Surviving Bank. The directors and officers of Parent Bank immediately prior to the Bank Merger Effective Time shall be the directors and officers of Parent Bank, as the surviving corporation of the Bank Merger, until their respective successors shall be duly elected and qualified or otherwise duly selected.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Unionbancal Corp)

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Directors and Officers of the Surviving Bank. The directors and officers of Parent Bank immediately after the Merger shall be the directors and officers of Parent Bank immediately prior to the Bank Merger shall be the directors and officers of Parent Bank, as the surviving corporation of the Bank MergerEffective Time, until such time as their respective successors shall be duly elected and qualified or otherwise duly selectedqualified.

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Community Bancorp /Ca/)

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