Common use of Regulatory Capitalization Clause in Contracts

Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to time. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 2 contracts

Samples: Employment Agreement (NBT Bancorp Inc), Employment Agreement (Alliance Financial Corp /Ny/)

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Regulatory Capitalization. The Company Bank is, and immediately after as of the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to time. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 2 contracts

Samples: Separation Agreement and Release (Randolph Bancorp, Inc.), Agreement and Plan of Merger (Camden National Corp)

Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Northeast Bancorp /Me/), Agreement and Plan of Merger (Merrill Merchants Bancshares Inc)

Regulatory Capitalization. The Company and the Company Bank isare, and immediately after prior to the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to time. The Company is, FRB and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to timeFDIC.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (PCSB Financial Corp), Agreement and Plan of Merger (Brookline Bancorp Inc)

Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCCapplicable to it, as amended from time to time. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Commonwealth Financial Corp /Pa/), Agreement and Plan of Merger (DCB Financial Corp)

Regulatory Capitalization. The Company Bank is, and immediately after prior to the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Camden National Corp), Agreement and Plan of Merger (Union Bankshares Co/Me)

Regulatory Capitalization. The Company Bank is, and immediately after as of the Effective Time will be, "well capitalized," as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, "well capitalized" as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bancorp Rhode Island Inc), Agreement and Plan of Merger (Brookline Bancorp Inc)

Regulatory Capitalization. The Company Bank is, and immediately after prior to the Effective Time will be, “well capitalized,” ”, as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (People's United Financial, Inc.), Agreement and Plan of Merger (LSB Corp)

Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to time. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Beverly National Corp)

Regulatory Capitalization. The Company Bank is, and immediately after as of the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to time. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to timeFDIC.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Orrstown Financial Services Inc)

Regulatory Capitalization. The Company Bank is, and immediately after as of the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Orrstown Financial Services Inc)

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Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, "well capitalized,” " as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to time. The Company is, and immediately prior to the Effective Time will be, "well capitalized" as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Danvers Bancorp, Inc.)

Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, “well capitalized,” as such term is defined in the rules applicable laws and regulations promulgated by of the OCCOhio Division and the FDIC, as amended from time to time. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (CNB Financial Corp/Pa)

Regulatory Capitalization. The Company Bank is, and immediately after as of the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time12 C.F.R. § 225.2(r)(1).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Coastway Bancorp, Inc.)

Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, “well capitalized,” ”, as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Massbank Corp)

Regulatory Capitalization. The Company and Company Bank isare, and immediately after prior to the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to time. The Company is, FRB and immediately prior to the Effective Time will be, “well capitalized” as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to timeFDIC.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Camden National Corp)

Regulatory Capitalization. The Company Bank is, and immediately after the Effective Time will be, "well capitalized," as such term is defined in the rules and regulations promulgated by the OCC, as amended from time to timeFDIC. The Company is, and immediately prior to the Effective Time will be, "well capitalized" as such term is defined in the rules and regulations promulgated by the FRB, as amended from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Slades Ferry Bancorp)

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