Loan Losses. Since December 31, 1999, none of the bank Subsidiaries of Fifth Third (the "Fifth Third Bank Subsidiaries") has incurred any unusual or extraordinary loan losses which are material to Fifth Third and the Fifth Third Subsidiaries on a consolidated basis; to the best knowledge of Fifth Third and in light of each of the Fifth Third Bank Subsidiaries' historical loan loss experience and its management's analysis of the quality and performance of its loan portfolio, as of December 31, 1999, its reserves for loan losses are adequate to absorb potential loan losses determined on the basis of management's continuing review and evaluation of the loan portfolio and its judgment as to the impact of economic conditions on the portfolio.
Appears in 3 contracts
Samples: Merger Agreement (Fifth Third Bancorp), Agreement and Plan of Merger (Fifth Third Bancorp), Merger Agreement (Old Kent Financial Corp /Mi/)
Loan Losses. Since December March 31, 19992004, none of the bank Subsidiaries of Fifth Third (the "“Fifth Third Bank Subsidiaries"”) has incurred any unusual or extraordinary loan losses which are material to Fifth Third and the Fifth Third Subsidiaries on a consolidated basis; to the best knowledge of Fifth Third and in light of each of the Fifth Third Bank Subsidiaries' ’ historical loan loss experience and its management's ’s analysis of the quality and performance of its loan portfolio, as of December 31, 1999, its reserves for loan losses are adequate to absorb potential loan losses determined on the basis of management's ’s continuing review and evaluation of the loan portfolio and its judgment as to the impact of economic conditions on the portfolio.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Fifth Third Bancorp), Merger Agreement (Fifth Third Bancorp), Merger Agreement (First National Bankshares of Florida Inc)
