Common use of FDIC Insurance Clause in Contracts

FDIC Insurance. The Deposits are insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund and the Savings Association Insurance Fund to the extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (First Bancorp /Nc/), Purchase and Assumption Agreement (Capital City Bank Group Inc), Purchase and Assumption Agreement (Hubco Inc)

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FDIC Insurance. The Deposits are insured by the Federal Deposit Insurance Corporation FDIC through the Bank Insurance Fund and the Savings Association Deposit Insurance Fund to the extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller.

Appears in 3 contracts

Samples: Branch Purchase and Assumption Agreement (1st Constitution Bancorp), Branch Purchase and Assumption Agreement (1st Constitution Bancorp), Branch Purchase and Assumption Agreement (City National Bancshares Corp)

FDIC Insurance. The Deposits are insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund and the Savings Association Insurance Fund to the extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (FNB Corp \Va\), Purchase and Assumption Agreement (Capital City Bank Group Inc), Purchase and Assumption Agreement (First Bancorp /Nc/)

FDIC Insurance. The Deposits are insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund and the Savings Association Insurance Fund to the extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First State Corp /Ga/)

FDIC Insurance. The Deposits Deposit Liabilities are insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund and the Savings Association Insurance Fund FDIC to the fullest extent permitted by federal law, and all premiums and assessments required to be paid in connection therewith have been paid when due by Sellerdue.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Floridafirst Bancorp Inc)

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FDIC Insurance. The Deposits are insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund and the Savings Association Insurance Fund Fund, as applicable, to the extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sun Bancorp Inc /Nj/)

FDIC Insurance. The Deposits are insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund and the Savings Association Insurance Fund to the full extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (United Tennessee Bankshares Inc)

FDIC Insurance. The Deposits are insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund and or the Savings Association Insurance Fund to the extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sun Bancorp Inc /Nj/)

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