Common Contracts
1 similar Community Benefits Agreement contracts
Community Benefits Agreement Final – January 5, 2022Community Benefits Agreement • January 6th, 2022
This Community Benefits Agreement (“Agreement”) demonstrates the commitment of First Mid to enhance services, products, and resources in communities that have been traditionally underserved by mainstream financial institutions. SLEHCRA, Woodstock, and First Mid have created this Agreement together and will work in partnership to uphold the terms of this Agreement. In general, the terms outlined below will be effective upon the signing of this Agreement by all previously-mentioned parties unless otherwise noted. The assumption in this agreement is that the Federal Reserve will approve the merger of First Mid and Delta Bancshares and First Mid will have a larger presence in the St. Louis area. If this does not occur, the amounts noted for items marked with (*) will need to be reevaluated for reasonableness. Upon signing this Agreement, SLEHCRA and Woodstock agree to submit additional comment letters within three business days stating that they no longer wish for the Federal Reserve to de
