Common use of Loans to Executive Officers and Directors Clause in Contracts

Loans to Executive Officers and Directors. Seller has not, since July 30, 2002, extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer (or equivalent thereof) of Seller, except as permitted by Section 13(k) of the Exchange Act and Federal Reserve Regulation O. Section 5.21 of the Seller Disclosure Memorandum identifies any loan or extension of credit maintained by Seller to which the second sentence of Section 13(k)(1) of the Exchange Act applies.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (New Commerce Bancorp), Agreement and Plan of Merger (SCBT Financial Corp), Agreement and Plan of Merger (Seacoast Banking Corp of Florida)

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Loans to Executive Officers and Directors. Seller has not, since July 30, 2002its inception, extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer (or equivalent thereof) of Seller, except as permitted by Section 13(k) of the Exchange Act and Federal Reserve Regulation O. Section 5.21 4.21 of the Seller Disclosure Memorandum identifies any loan or extension of credit maintained by Seller after July 29, 2002 to which the second sentence of Section 13(k)(1) of the Exchange Act appliesapplies or would apply if Seller were subject to such Section.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First National Bancshares Inc /Sc/), Agreement and Plan of Merger (Dekalb Bankshares Inc)

Loans to Executive Officers and Directors. Seller has not, since July 30, 2002its inception, extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer (or equivalent thereof) of Seller, except as permitted by Section 13(k) of the Exchange Act and Federal Reserve Regulation O. Section 5.21 4.21 of the Seller Disclosure Memorandum identifies any loan or extension of credit maintained by Seller to which the second sentence of Section 13(k)(1) of the Exchange Act appliesapplies or would apply if Seller were subject to such Section.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (El Banco Financial Corp), Agreement and Plan of Merger (Nbog Bancorporation Inc)

Loans to Executive Officers and Directors. Seller has not, since July 30December 31, 20022013, extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer Executive Officer (or equivalent thereof) of Seller, except as permitted by Section 13(k) FRB Regulation O and that have been made in compliance with the provisions of the Exchange Act and Federal Reserve Regulation O. Section 5.21 5.24 of the Seller Disclosure Memorandum identifies any loan or extension of credit maintained by Seller to which the second sentence of Section 13(k)(1) of the Exchange Act Regulation O applies.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Charter Financial Corp), Agreement and Plan of Merger (Charter Financial Corp)

Loans to Executive Officers and Directors. Seller has not, since July 30, 2002, extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer (or equivalent thereof) of Seller, except as permitted by Section 13(k) of the Exchange Act Act, as applicable, and as permitted by Federal Reserve Regulation O and that have been made in accordance with the provisions of Regulation O. Section 5.21 of the Seller Disclosure Memorandum identifies any loan or extension of credit maintained by Seller to which the second sentence of Section 13(k)(1) of the Exchange Act applies.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Seacoast Banking Corp of Florida)

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Loans to Executive Officers and Directors. Seller has not, since July 30, 2002its inception, extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer (or equivalent thereof) of Seller, except as permitted by Section 13(k) of the Exchange Act and Federal Reserve Regulation O. Section 5.21 of the Seller Disclosure Memorandum identifies any loan or extension of credit maintained by Seller to which the second sentence of Section 13(k)(1) of the Exchange Act appliesapplies or would apply if Seller were subject to such Section.

Appears in 1 contract

Samples: Agreement and Plan of Merger (SCBT Financial Corp)

Loans to Executive Officers and Directors. Seller has not, since July 30December 31, 20022016, extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer Executive Officer (or equivalent thereof) of Seller, except pursuant to a Seller ERISA Plan’s participant loan program or as permitted by Section 13(k) of the Exchange Act and Federal Reserve in compliance with FRB Regulation O. Section 5.21 5.24 of the Seller Disclosure Memorandum identifies any loan or extension of credit maintained by Seller to which the second sentence of Section 13(k)(1) of the Exchange Act Regulation O applies.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Charter Financial Corp)

Loans to Executive Officers and Directors. Seller has not, since July 30December 31, 20022014, extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer Executive Officer (or equivalent thereof) of Sellerany Seller Entity, except as permitted by Section 13(k) FRB Regulation O and that have been made in material compliance with the provisions of the Exchange Act and Federal Reserve Regulation O. Section 5.21 5.23 of the Seller Disclosure Memorandum identifies any loan or extension of credit maintained by Seller to which the second sentence of Section 13(k)(1) of the Exchange Act Regulation O applies.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bank First National Corp)

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