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: Merger Agreement (Sierra Bancorp), Merger Agreement (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 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: Merger Agreement (Unionbancal Corp)

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: Merger Agreement (First Community Bancorp /Ca/)

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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: Merger Agreement (First Choice Bancorp)

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