Common use of Full Service Banking Clause in Contracts

Full Service Banking. The Assuming Institution will (i) provide full service banking in the Failed Bank Assessment Area for at least 90 days commencing on the first Business Day after the Bank Closing Date and (ii) satisfy applicable regulatory or statutory requirements before it ceases to provide full service banking in the Failed Bank Assessment Area. At the option of the Assuming Institution, it may provide such full service banking at one or more Bank Premises or Assuming Institution branches located within the Failed Bank Assessment Area. The Assuming Institution may close or sell any Bank Premises during this period with the prior written consent of the Receiver (which consent may be withheld in Receiver’s sole discretion) and after receipt of all necessary regulatory approvals and satisfaction of applicable regulatory or statutory requirements; provided that the Assuming Institution (or its successors) continues to provide full service banking in the Failed Bank Assessment Area for the period required to comply with this Section 4.1(a).

Full Service Banking. The Assuming Institution will (i) provide full service banking in For the Failed Bank Assessment Area for at least 90 days period commencing on the first Business Day after the Bank Closing Date and (ii) satisfy applicable regulatory or statutory requirements before it ceases to ending on the first anniversary of the Bank Closing Date, the Assuming Institution will provide full service banking in the Failed Bank Assessment Area. At the option of the Assuming Institution, it may provide such full service banking at one or more Full Service Bank Premises as shown on Schedule 4.1(a) or Assuming Institution branches located within the such Failed Bank Assessment Area. The Assuming Institution may close or sell any Bank Premises not closed as of the Bank Closing Date during this the period described above with the prior written consent of the Receiver (which consent may be withheld in Receiver’s sole discretion) and after receipt of all necessary regulatory approvals and satisfaction of applicable regulatory or statutory requirements; approvals, provided that the Assuming Institution (or its successors) continues to provide full service banking in the Failed Bank Assessment Area for the period required to comply with this Section 4.1(a).