Bank Consolidation definition
Examples of Bank Consolidation in a sentence
The Bank Consolidation shall only occur if the Merger is consummated, and it shall become effective immediately after the Effective Time or such later time as may be determined by Old Kent.
The parties will cooperate and cause their Subsidiaries to cooperate in all reasonable respects to facilitate the mailing or posting in a timely fashion of any notices to customers of the banks with respect to the Bank Consolidation reasonably deemed necessary or appropriate by Purchaser.
Take such reasonable actions as may be necessary to consummate the Merger and the Bank Consolidation.
All rights, franchises and interests of Surety Bank and First Bank, respectively, in and to every type of property (real, personal and mixed) and choses in action shall be transferred to and vested in Continuing Bank by virtue of such Bank Consolidation without any deed or other transfer.
First Midlothian Corporation, a Texas corporation registered as a bank holding company located in Midlothian, Texas ("First Midlothian"); certain of the shareholders of First Midlothian (the "Shareholders"); and First Bank have entered into a Reorganization Agreement dated October 17, 1995 (the "Reorganization Agreement") which contemplates the Bank Consolidation provided for in this Consolidation Agreement.
Surety hereby covenants and agrees to vote all of its shares of common stock of Surety Bank in favor of the Bank ▇▇▇▇▇▇▇- dation at the meeting of the shareholders of Surety Bank to consider and vote upon the Bank Consolidation Agreement.
First Midlothian hereby covenants and agrees to vote all of its First Bank Common Stock in favor of the Bank Consolidation at the meeting of the shareholders of First Bank called to consider and vote upon the Bank Consolidation Agreement.
The provisions of SECTIONS 9, 10, 11 AND 12 of the Holding Company Merger Agreement and SECTIONS 8, 9, 10 AND 11 of the Bank Consolidation Agreement are hereby incorporated into this Plan for all purposes.
The Bank Consolidation will be effected pursuant to a consolidation agreement (the "Bank Consolidation Agreement"), in the form required by the Michigan Banking Code, and by other applicable laws, containing terms and conditions not inconsistent with this Plan of Merger, as determined by Chemical.
To obtain the necessary regulatory approval for the Bank Consolidation to occur immediately after the Effective Time, CFSB and CFSB Bank shall each execute and deliver the Bank Consolidation Agreement and take other reason- ably required or convenient steps prior to the Effective Time to effect the Bank Consolidation.