Bank Financial Statements definition

Bank Financial Statements means the Bank’s (a) unaudited balance sheets as of December 31, 2018, 2019, and 2020, and the related statements of income, cash flows and changes in shareholder’s equity for each of the years then ended, and (b) unaudited balance sheet as of March 31, 2021, and the related unaudited statement of income, together with the Subsequent Bank Financial Statements.

Bank Financial Statements has the meaning set forth in Section 5.11.

Bank Financial Statements shall have the meaning given such term in Section 4.4.

Examples of Bank Financial Statements in a sentence

• The Bank owns its property and assets, including without limitation the property and assets reflected in the Bank Financial Statements, free and clear of all mortgages, liens, loans and encumbrances, except such encumbrances and liens that arise in the ordinary course of business and do not materially impair the Bank’s ownership or use of such property or assets.

• The ALLL reflected in the First Bank Financial Statements was, as of the date of each of the First Bank Financial Statements, in the opinion of management of First Bank, (i) in compliance in all material respects with First Bank’s existing methodology for determining the adequacy of its ALLL and (ii) in compliance in all material respects with the standards established by the applicable Regulatory Authority, the Financial Accounting Standards Board and GAAP.

• The Subsequent Bank Financial Statements will not include any material assets or omit to state any material liabilities, absolute or contingent, or other facts, which inclusion or omission would render such Subsequent Bank Financial Statements misleading in any material respect.

• The Audited Bank Financial Statements (including the related notes) will fairly present the financial position of the Bank and the results of its operations at the dates and for the periods indicated in conformity with GAAP.

• Each of the audited Minority Bank Financial Statements has been certified by the Minority Bank’s independent auditor, who has expressed an unqualified opinion on such Minority Bank Financial Statements, and each of the Minority Bank Interim Financial Statements has been certified by the Minority Bank’s chief executive officer and principal accounting officer.

More Definitions of Bank Financial Statements

Bank Financial Statements means (i) the consolidated quarterly report of condition of the Bank as filed with the Bank’s regulators as of any fiscal quarter end of the Bank, and (ii) interim calendar month-end financial statements of the Bank and its Subsidiaries, stated in the Bank’s customary format as of each interim calendar month end.

Bank Financial Statements has the meaning set forth in Section 4.08.

Bank Financial Statements means the financial information included in filings (including Call Reports) made by the Bank with any Regulatory Authority (including related notes and schedules, if any) related to the Bank’s financial condition or results of operation (i) as of September 30, 2007, June 30, 2007; December 31, 2006; and December 31, 2005; (ii) for the years ended December 31, 2006, and December 31, 2005; and (iii) for the nine (9) month period ended September 30, 2007.

Bank Financial Statements. Except as set forth in SCHEDULE 2.3.1, the First State Bank Financial Statements do not, as of the dates thereof, include any material assets or omit to state any material liability, absolute or contingent, the inclusion or omission of which renders such financial statements, in light of the circumstances under which they were made, materially misleading. Without limiting the generality of the foregoing, First State Bank specifically represents to Texas State Bank that, except as set forth in SCHEDULE 2.3.1, First State Bank has no liabilities, either accrued, contingent or otherwise, which, individually or in the aggregate, are material, which have not been reflected in the First State Bank financial statements (including the September 30, 1995 Balance Sheet) or which have been incurred in the ordinary course of business since the date of the September 30, 1995 Balance Sheet.

Bank Financial Statements. Section 5.02(j)(i)

Bank Financial Statements. Section 5.03(k) “Bank Interim Financial Statements” Section 5.03(k) “Bank Material Contracts” Section 5.03(y) “Bank Releasee” Section 6.12 “Benefit Plans” Section 5.03(w) “Burdensome Conditions” Section 7.01(b) “Closing” Section 2.02 “Closing Date” Section 2.02 “Closing Payment” Section 3.02(a) “Common Stock” Recitals “Confidentiality Agreement” Section 6.05(a) “Confidential Information” Section 6.05(a) “Cross-Receipt” Section 3.03(a)(iv) “Director Resignation Agreements” Recitals “Environmental Law” Section 5.03(u)(i) “Escrow Agent” Section 3.03(c)(iii) “Escrow Agreement” Section 3.05(a) “Escrow Deposits” Section 3.03(c)(iv) “Execution Date” Preamble “Expiration Date” Section 9.05 “Extensions of Credit” Section 5.03(l)(iv) “FHLBNY” Section 7.02(j) “Final Determination” Section 3.02(c) “Final Tangible Common Equity Value” Section 3.04(c) “Funds Flow Memorandum” Section 3.02(b) “Indemnified Party” Section 9.03(a) “Indemnifying Party” Section 9.03(a) “Indemnity Escrow Account” Section 3.03(c)(iii) “Indemnity Escrow Deposit” Section 3.03(c)(iii) “Lease” Section 4.04 “Losses” Section 9.01(a) “Minority Director Shareholders” Recitals “Net Recovery” Section 3.02(c) “Notice” Section 11.06 “Notice of Objection” Section 3.04(a)

Bank Financial Statements has the meaning assigned in Section 5.2(j).