Common use of Interest on Deposits Clause in Contracts

Interest on Deposits. Increase the rate of interest paid on interest-bearing deposits or on certificates of deposit, except in a manner and pursuant to policies consistent with past practices.

Appears in 3 contracts

Samples: Bank Merger Agreement (Manhattan Bancorp), Agreement and Plan of Merger (Mission Community Bancorp), Agreement and Plan of Merger (Santa Lucia Bancorp)

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Interest on Deposits. Increase the rate of interest paid on interest-bearing deposits or on certificates of deposit, except in a manner and pursuant to policies and the ordinary course of business consistent with past practicespractices and otherwise consistent with general economic and competitive conditions in BANK’s market area.

Appears in 1 contract

Samples: Agreement and Plan of Merger (BayCom Corp)

Interest on Deposits. Increase the rate of interest paid on interest-bearing deposits or on certificates of deposit, except in a manner and pursuant to policies consistent with past practicespractices and otherwise consistent with general economic and competitive conditions in VCBank’s market area.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (Central Valley Community Bancorp)

Interest on Deposits. Increase the rate of interest paid on interest-bearing deposits or on certificates of deposit, except in a manner and pursuant to policies and the ordinary course of business consistent with past practicespractices and otherwise consistent with general economic and competitive conditions in UBB’s market area.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (BayCom Corp)

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Interest on Deposits. Increase the rate of interest paid on interest-bearing deposits or on certificates of deposit, except in a manner and pursuant to policies consistent with past practicespractices and otherwise consistent with general economic and competitive conditions in Folsom Lake Bank’s market area.

Appears in 1 contract

Samples: Cooperation Agreement (Central Valley Community Bancorp)

Interest on Deposits. Increase the rate of interest paid on interest-bearing deposits or on certificates of deposit, except in a manner and pursuant to policies and the ordinary course of business consistent with past practicespractices and otherwise consistent with general economic and competitive conditions in BAY’s market area.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (BayCom Corp)

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