Effect on Shares of Stock. (a) Each share of Acquiror Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding. (b) At the Effective Time, each share of Bank common stock issued and outstanding prior to the Merger shall, by virtue of the Merger and without any action on the part of the holder thereof, be canceled. Any shares of Bank common stock held in the treasury of the Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 8 contracts
Samples: Merger Agreement (First Mutual Bancshares Inc), Merger Agreement (Washington Federal Inc), Merger Agreement (Commercial Capital Bancorp Inc)
Effect on Shares of Stock. (a) Each share of Acquiror Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of Bank common stock issued and outstanding prior to the Merger shall, by virtue of the Merger and without any action on the part of the holder thereof, be canceledcanceled without consideration. Any shares of Bank common stock held in the treasury of the Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 3 contracts
Samples: Merger Agreement (Mission Community Bancorp), Merger Agreement (Heritage Oaks Bancorp), Merger Agreement (Cascade Financial Corp)
Effect on Shares of Stock. (a) At the Effective Time:
a. Each share of Acquiror Bank common stock issued and outstanding immediately prior to the Effective Time Time, shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each b. Each share of Bank common stock issued and outstanding prior to the Merger Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be canceledcanceled without consideration. Any shares of Bank common stock held in the treasury of the Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 2 contracts
Samples: Merger Agreement (First Choice Bancorp), Merger Agreement (Sierra Bancorp)
Effect on Shares of Stock. (a) Each share of Acquiror Bank Parent common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of Bank Acquisition Sub common stock issued and outstanding prior to the Merger shall, by virtue of the Merger and without any action on the part of the holder thereof, be canceled. Any shares of Bank Acquisition Sub common stock held in the treasury of the Bank Acquisition Sub immediately prior to the Effective Time shall be retired and canceled.
Appears in 2 contracts
Samples: Merger Agreement (Commercial Capital Bancorp Inc), Merger Agreement (Hawthorne Financial Corp)
Effect on Shares of Stock. (a) Each share of Acquiror Parent Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of NorthSide Bank common capital stock issued and outstanding prior to the Bank Merger shall, by virtue of the Bank Merger and without any action on the part of the holder thereof, be canceled. Any shares of Northside Bank common capital stock held in the treasury of the NorthSide Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 1 contract
Samples: Merger Agreement (NSD Bancorp Inc)
Effect on Shares of Stock. (a) Each share of Acquiror Famers Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of First National Bank common capital stock issued and outstanding prior to the Bank Merger shall, by virtue of the Bank Merger and without any action on the part of the holder thereof, be canceled. Any shares of First National Bank common capital stock held in the treasury of the First National Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 1 contract
