ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank is a federally-chartered savings bank duly organized and validly existing under the laws of the United States. The deposit accounts of the Bank are insured by the SAIF to the maximum extent permitted by the FDIA, and the Bank has paid all premiums and assessments required by the FDIA and the regulations thereunder. The Bank has full power and authority to own or lease all of its properties and assets and to carry on its business as now conducted and is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect. The Company has heretofore delivered true and complete copies of the Charter and Bylaws of the Bank as in effect as of the date hereof to each Purchaser which has requested the same.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank is a national banking association duly incorporated and validly existing under the laws of the United States of America with full corporate power and authority to own or lease all of its properties and assets and to carry on its business as now conducted and is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such licensing or qualification and where the failure to be so licensed, qualified or in good standing would not have a material adverse effect on the Bank. The deposit accounts of the Bank are insured by the Federal Deposit Insurance Corporation to the maximum extent permitted by the FDIC and the Bank has paid all premiums and assessments required by the FDIC.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank is a banking corporation duly organized, validly existing, and in good standing under the laws of the State of Michigan, with full corporate power and authority to own or lease all of its properties and assets and to carry on its business as now conducted. The Bank is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such licensing or qualification. The Bank has delivered to Buyer true and complete copies of the Articles of Incorporation and Bylaws of the Bank as in effect as of the date of this Agreement. The minute books and other corporate books and records of the Bank, as previously made available to Buyer (and as shall be delivered to Buyer at Closing), are true, correct, and complete in all material respects. The Bank is a member of the FRS.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. (a) The Bank is a national banking association duly organized and validly existing under the laws of the United States of America and has all requisite corporate power, right and authority and all necessary federal and state authorizations to own and lease its properties and assets and to carry on its business as now being conducted. The deposits of the Bank are insured by the FDIC in accordance with the FDIA, and the Bank has paid all assessments and filed all reports required by the FDIA.
(b) Schedule 3.2 lists the Subsidiaries of the Bank and each other corporation, limited liability company, partnership or other association or organization in which the Bank has the power to vote 5% or more of any class of capital stock or of any other equity interest therein. Each of the Bank's Subsidiaries is a duly organized corporation, validly existing and in good standing under the laws of the state of its incorporation and has full corporate power, right and authority to own and lease its properties and assets and to carry on its business as now being conducted. The Bank is the lawful record and beneficial owner of all of the shares of the outstanding capital stock of each of its Subsidiaries free and clear of any lien, security interest, pledge, charge, encumbrance, option to purchase or call.
(c) Copies of the Charter and by-laws of the Bank, as amended to the date hereof and as currently in effect, have been made available to the Buyer and are true and complete.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank is a ------------------------------------------------ California banking corporation validly existing and in good standing under the laws of the State of California with full corporate power and authority to own or lease all of its properties and assets and to carry on its business as now conducted and is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such licensing or qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect. The deposit accounts of the Bank are insured to the maximum extent permitted by the FDIA, and the Bank has paid all premiums and assessments charged by the FDIC under the FDIA and the regulations thereunder.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank (i) is duly organized, validly existing and in good standing under the laws of the United States, (ii) has the corporate power and authority to own or lease all of its properties and assets and to conduct its business as it is now being conducted, and (iii) is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted by it or the character or location of the properties and assets owned or leased by it makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect on Group and the Bank considered as one enterprise. The deposit accounts of the Bank are insured by the SAIF to the maximum extent permitted by the FDIA, and the Bank has paid all deposit insurance premiums and assessments required by the FDIA and the regulations thereunder. Group has heretofore delivered or made available to R&G true and complete copies of the Federal Stock Charter and Bylaws of the Bank as in effect as of the date hereof.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank is a banking corporation duly organized, validly existing, and in good standing under the laws of the State of Michigan, with full corporate power and authority to own or lease all of its properties and assets and to carry on its business as now conducted. The Bank is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such licensing or qualification. The Bank has delivered to Buyer true and complete copies of the Articles of Incorporation and Bylaws of the Bank as in effect as of the date of this Agreement. The minute books and other corporate books and records of the Bank, as previously made available to Buyer (and as shall be delivered to Buyer at Closing), are true, correct, and complete in all material respects.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank is a banking corporation duly organized, validly existing, and in good standing under the laws of the State of Michigan, with full corporate power and authority to own or lease all of its properties and assets and to carry on its business as now conducted. The Bank is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such licensing or qualification. The Bank has delivered to the Purchasers true and complete copies of the Articles of Incorporation and Bylaws of the Bank as in effect as of the date of this Agreement. The Bank does not own any Subsidiaries.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank is a commercial bank duly organized, validly existing and in good standing under the laws of the State of New Hampshire. The Bank (i) has full power and authority to own or lease all of its properties and assets and to carry on its business as now conducted, and (ii) is duly licensed or qualified to do business and is in good standing in each juris- diction in which its ownership or leasing of property or the conduct of its business requires such qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect on the Com- pany. The deposit accounts of the Bank are insured by the BIF to the maximum extent permitted by the FDIA, and the Bank has paid all premiums and assessments required by the FDIA and the regulations thereunder. The Company has heretofore delivered or made available to the Acquiror true and complete copies of the Certificate of Incorporation and Bylaws of the Bank as in effect as of the date hereof.
ORGANIZATION, STANDING AND AUTHORITY OF THE BANK. The Bank is (i) duly organized, validly existing and in good standing under the laws of Ohio, (ii) has full power and authority to own or lease all of its properties and assets and to carry on its business as now conducted, and (ii) is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect on the Company. The deposit accounts of the Bank are insured by the SAIF to the maximum extent permitted by the FDIA and the Bank has paid all deposit insurance premiums and assessments required by the FDIA and the regulations thereunder. The Company has heretofore delivered or made available to Peoples true and complete copies of the Constitution and Bylaws of the Bank as in effect as of the date hereof.
