Effect on Shares of Stock. (a) Each share of FNB 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 Metro Bank 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 Metro Bank capital stock held in the treasury of Metro Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 3 contracts
Samples: Merger Agreement (FNB Corp/Fl/), Merger Agreement, Merger Agreement (Metro Bancorp, Inc.)
Effect on Shares of Stock. (a) Each share of FNB 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 Metro Xxxxxx Bank 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 Metro Xxxxxx Bank capital stock held in the treasury of Metro Xxxxxx Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 3 contracts
Samples: Merger Agreement (FNB Corp/Pa/), Merger Agreement (Howard Bancorp Inc), Merger Agreement (Howard Bancorp Inc)
