Pro Forma Capital Requirements Sample Clauses

Pro Forma Capital Requirements. The Purchaser is and, on a pro forma basis giving effect to the transactions and the financing/capital injection contemplated by the Purchaser, will be (a) at least “adequately capitalized”, as defined for purposes of the Federal Deposit Insurance Act, and (b) in compliance with all capital requirements, standards and ratios required by each state or federal regulator with jurisdiction over the Purchaser, including, without limitation, any such higher requirement, standard or ratio as shall apply to institutions engaging in the acquisition of insured institution deposits, assets or branches, and no such regulator is likely to, or has indicated that it will, condition any of the Government Approvals upon an increase in the Purchaser’s capital or compliance with any capital requirement, standard or ratio.
AutoNDA by SimpleDocs
Pro Forma Capital Requirements. First Indiana is, as of the date of this Agreement and on a pro forma basis giving effect to the Mergers and any financing or capital injection will be at the Effective Time, at least "well capitalized," as defined in federal banking regulations for purposes of the FDIA.
Pro Forma Capital Requirements. Mercantile is, and, to its knowledge, on a pro forma basis giving effect for the Merger and any financing or capital injection contemplated by Mercantile, will be “well capitalized”, as defined for purposes of the FDIC, and (ii) in compliance with all capital requirements, standards and ratios required by each state or federal bank regulator with jurisdiction over Mercantile.
Pro Forma Capital Requirements. NASB Bank is, and on a pro forma basis giving effect for the transactions contemplated by this Agreement and any financing/capital injection contemplated by NASB Bank will be (i) at least "Adequately Capitalized," as defined for purposes of the FDIA and (ii) in compliance with all capital requirements, standards and ratios required by each state or federal regulator with jurisdiction over NASB Bank, including without limitation, any such higher requirement, standard or ratio as shall apply to institutions engaging in the acquisition of insured institution deposits, assets or branches, and no such regulator is likely to, or has indicated that it will, condition any of the regulatory approvals upon an additional increase in NASB Bank's capital or compliance with any capital requirement
Pro Forma Capital Requirements. BayCom and United Business Bank are as of the date of this Agreement, and will be immediately following the Closing, in compliance with all capital requirements, standards and ratios required by each Regulatory Agency having jurisdiction over them.
Pro Forma Capital Requirements. First Place is, and on a pro forma basis giving effect for the transactions contemplated by this Agreement and any financing or capital injection contemplated by First Place, will be "adequately capitalized", as defined for purposes of the FDIA, and in compliance with all capital requirements, standards and ratios required by each state or federal bank regulator with jurisdiction over First Place.
Pro Forma Capital Requirements. Buyer is and, on a pro forma basis giving effect to the transactions and the financing contemplated by Buyer, will be (a) at least “adequately capitalized”, as defined for purposes of the Federal Deposit Insurance Act and the rules and regulations promulgated thereunder as the date of this Agreement, and (b) in compliance as of the date hereof with all capital requirements, standards and ratios required by each regulator with jurisdiction over Buyer, including, without limitation, any such higher requirement, standard or ratio as shall apply to institutions engaging in the acquisition of insured institution deposits, assets or branches, and, to the knowledge of Buyer, no such regulator is likely to, or, as of the date of this Agreement has indicated that it will, condition any of the Government Approvals (as hereinafter defined) upon an increase in Buyer’s capital or compliance with any capital requirement, standard or ratio.
AutoNDA by SimpleDocs
Pro Forma Capital Requirements. Buyer is and, on a pro forma basis giving effect to the transactions, will be (a) at least "adequately capitalized", as defined for purposes of the Federal Deposit Insurance Act and the rules and regulations promulgated thereunder, and (b) in compliance with all capital requirements, standards and ratios required by each state or federal regulator with jurisdiction over Buyer, and, to Buyer’s knowledge, no such regulator is likely to, or has indicated that it will, condition any regulatory approval required in connection with the Transactions contemplated by this Agreement upon an increase in Buyer's capital or compliance with any capital requirement, standard or ratio.
Pro Forma Capital Requirements. The Company is, and on a pro forma basis giving effect for this transaction and any financing or capital injection contemplated by the Company, will be “well capitalized”, as defined for purposes of the Federal Deposit Insurance Act, and in compliance with all capital requirements, standards and ratios required by each state or federal bank regulator with jurisdiction over the Company, including without limitation, any such higher requirement, standard, or ratio as shall apply to institutions engaging in the acquisition of insured institution deposits, assets or branches, and no such regulator has indicated that it will condition any regulatory approval of the Merger upon an additional increase in the Company’s capital.
Pro Forma Capital Requirements. IBT is, and on a pro forma basis giving effect for the transactions contemplated by this Agreement and any financing or capital injection contemplated by IBT, will be "adequately capitalized" as defined for purposes of the Federal Deposit Insurance Act and applicable regulations.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!