Financial Institutions Bond. Since January 1, 1991, the Bank has continuously maintained in full force and effect a financial institutions bond with coverage equal to or greater than that provided for on a "Form 24" insuring against acts of dishonesty by each of its employees. Marshalltown has provided HMN a copy of the bond currently in effect. Except as disclosed in the Marshalltown Disclosure Letter, no claim has been made under any such bond, and Marshalltown is unaware of any fact or condition presently existing which might form the basis of a claim under any such bond. Marshalltown has no reason to believe that the Bank's present financial institutions bond will not be renewed by its carrier on substantially the same basis and terms as those now in effect.
Financial Institutions Bond. Since April 1, 1994, Shore Bancshares and the Shore Subsidiaries have continuously maintained in full force and effect one or more financial institutions bonds insuring Shore Bancshares and the Shore Subsidiaries against acts of dishonesty by each of their employees. No claim has been made under any such bond since such date, and Shore Bancshares is not aware of any fact or condition now existing which forms the basis of a claim under any such bond. Shore Bancshares and the Shore Subsidiaries have no reason to expect that their present financial institutions bond or bonds will not be renewed by their carrier on substantially the same terms as those now in effect; provided, however, that Shore Bancshares makes no representation as to the effect of this Plan or the Merger on its present financial institutions bond or bonds.
Financial Institutions Bond. Since April 1, 1994, Talbot Bancshares and the Talbot Subsidiaries have continuously maintained in full force and effect one or more financial institutions bonds insuring Talbot Bancshares and the Talbot Subsidiaries against acts of dishonesty by each of their employees. No claim has been made under any such bond since such date, and Talbot Bancshares is not aware of any fact or condition now existing which forms the basis of a claim under any such bond. Talbot Bancshares and the Talbot Subsidiaries have no reason to expect that their present financial institutions bond or bonds will not be renewed by their carrier on substantially the same terms as those now in effect; provided, however, that Talbot Bancshares makes no representation as to the effect of this Plan or the Merger on its present financial institutions bond or bonds.
Financial Institutions Bond. Coverage shall be in the amount of $ 100,000,000. Coverage shall include:
Financial Institutions Bond. Since January 1, 1994, Bucktail Bank has continuously maintained in full force and effect a financial institutions bond as listed in Schedule I insuring Bucktail Bank against acts of dishonesty by each of its employees. Except as disclosed on Schedule I, no claim has been made under any such bond and Bucktail Bank is not aware of any fact or condition presently existing which might form the basis of a claim under any such bond. Bucktail Bank has no reason to believe that its present financial institutions bond will not be renewed by its carrier on substantially the same terms and at the same rate as now in effect.
Financial Institutions Bond. Since January 1, 1993, Suburban Bancshares and the Suburban Subsidiaries have continuously maintained in full force and effect one or more financial institutions bonds insuring Suburban Bancshares and the Suburban Subsidiaries against acts of dishonesty by each of their employees. No claim has been made under any such bond since such date, and Suburban Bancshares is not aware of any fact or condition now existing which forms the basis of a claim under any such bond. Suburban Bancshares and the Suburban Subsidiaries have no reason to expect that their present financial institutions bond or bonds will not be renewed by their carrier on substantially the same terms as those now in effect; provided, however, that Suburban Bancshares makes no representation as to the effect of this Plan or the Mergers on its present financial institutions bond or bonds.
Financial Institutions Bond. Since January 1, 1994, Acquiree has continuously maintained in full force and effect a financial institutions bond with coverage equal to or greater than that provided for on a "Form 24" insuring against acts of dishonesty by each of its employees. Except as disclosed on Schedule 3(v) hereto, no claim has been made under any such bond, and Seller and Acquiree are unaware of any fact or condition presently existing which might form the basis of a claim under any such bond. Seller and Acquiree have no reason to believe that Acquiree's present financial institutions bond will not be renewed by its carrier on substantially the same basis and terms as those now in effect.
Financial Institutions Bond. Since January 1, 2000, Steelton and the Steelton Subsidiaries have continuously maintained in full force and effect a financial institutions bond insuring against acts of dishonesty by each of its employees. Except as disclosed on Schedule 3(v) hereto, no claim has been made under any such bond since January 1, 2000, and Steelton and Mechanics is unaware of any fact or condition presently existing which might form the basis of a claim under any such bond. Mechanics has no reason to believe that its present financial institutions bond will not be renewed by its carrier on substantially the same basis and terms (other than an immaterial premium rate increase) as those now in effect.
Financial Institutions Bond. Since January 1, 1994, First Harrisburg and the First Harrisburg Subsidiaries have continuously maintained in full force and effect a financial institutions bond insuring against acts of dishonesty by each of its employees. Except as disclosed on Schedule 3(v) hereto, no claim has been made under any such bond since January 1, 1994, and First Federal is unaware of any fact or condition presently existing which might form the basis of a claim under any such bond. First Federal has no reason to believe that its present financial institutions bond will not be renewed by its carrier on substantially the same basis and terms (other than an immaterial premium rate increase) as those now in effect.
Financial Institutions Bond. Since January 1, 1991, CitiSave and Citizens have continuously maintained in full force and effect one or more financial institutions bonds insuring CitiSave and Citizens against acts of dishonesty by each of their employees. No claim has been made under any such bond since such date and CitiSave is not aware of any fact or condition presently existing which forms the basis of a claim under any such bond. CitiSave and Citizens have no reason to expect that their present financial institutions bond or bonds will not be renewed by their carrier on substantially the same terms as those now in effect; provided, however, that CitiSave and Citizens make no representation as to the effect of this Agreement, the Holding Company Merger, or the Bank Merger on their present financial institutions bond or bonds.
