Common use of Effects of the Bank Merger Clause in Contracts

Effects of the Bank Merger. Immediately following the Effective Time of the Bank Merger: (a) the articles of incorporation of Buyer Sub as in effect immediately prior to the Effective Time shall be the articles of incorporation of the Surviving Bank Corporation; (b) the bylaws of Buyer Sub as in effect immediately prior to the Effective Time shall be the bylaws of the Surviving Bank Corporation; and (c) the Bank Merger shall have the effects prescribed in Section 31D-11-1107 of the WVBCA and Section 1609 of the Pennsylvania Banking Code of 1965.

Appears in 2 contracts

Samples: Merger Agreement (Esb Financial Corp), Merger Agreement (Wesbanco Inc)

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Effects of the Bank Merger. Immediately following the Effective Time of the Bank Merger: (a) the articles of incorporation of Buyer Sub as in effect immediately prior to the Effective Time shall be the articles of incorporation of the Surviving Bank Corporation; (b) the bylaws of Buyer Sub as in effect immediately prior to the Effective Time shall be the bylaws of the Surviving Bank Corporation; and (c) the Bank Merger shall have the effects prescribed in Section 31D-11-1107 of the WVBCA and Section 1929 of the PBCL and Section 1609 of the Pennsylvania Banking Code of 1965.

Appears in 2 contracts

Samples: Merger Agreement (Fidelity Bancorp Inc), Merger Agreement (Wesbanco Inc)

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