Core Deposits definition

Core Deposits means the aggregate balance of all Deposit Liabilities of the Offices (which aggregate balance shall include interest posted to such accounts as of the close of business on the Closing Date). The amount calculated as set forth herein as of the close of business on the Closing Date is hereinafter called the "Acquisition Consideration;" and
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Core Deposits means the sum of demand deposits, NOW deposits, money market demand accounts and savings accounts at the Bank.
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Core Deposits means the total deposits of Southwestern National Bank other than (a) time deposits and (b) all other brokered deposits or deposits from financial institutions.
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Examples of Core Deposits in a sentence

  • The term "Core Deposits" shall mean the aggregate balance of all Deposit Liabilities of the Offices (which aggregate balance shall include interest posted to such accounts as of the close of business on the Closing Date).

  • SELLER shall furnish BUYER on or before July 15, 1998, with updated Schedules reflecting the June 30, 1998, status of the Fixed Assets, Office Loans (by Office, Loan Account and category) and Deposit Accounts (by Office, by account and by category reflecting the amount of deposits, the interest rate and maturity dates associated with such deposits, and indicating the deposits that constitute Core Deposits).

  • Core Deposits at the Measurement Date shall not be less than $150,000,000.00.

  • Creating One of the Strongest Core Deposit Franchises in New Jersey… Ocean Shore1 Cost of Deposits: 0.26% Cost of Deposits: 0.32% Cost of Deposits: 0.32% Cost of Deposits: 0.29% Retail Time Dep < 100K Jumbo Time Dep > 100K IB Demand, Savings, & MMDA Noninterest-bearing Core Deposits: 94% Core Deposits: 92% Core Deposits: 91% Core Deposits: 93% $2.0B $1.2B $0.8B $4.0B OceanFirst¹ Cape2 Pro Forma3 Source: SNL Financial.

  • The purchase price for the Purchased Assets shall be an amount equal to 3.85% of the amount of Core Deposits transferred to Purchaser as of the Closing Date (the “Purchase Price”).


More Definitions of Core Deposits

Core Deposits means all deposits (as defined in 12 U.S.C. Section 1813(1)) of GAFC shown on the books and records of GAB, including but not limited to all interest posted thereon accrued but unpaid interest and both collected and uncollected funds (including overdrawn accounts), together with GAB's rights and responsibilities under any customer agreement evidencing or relating thereto, but excluding (i) deposit accounts associated with a public body, including but not limited to any municipal, county, state or federal government, and (ii) brokered deposits and (iii) wholesale deposits, but including corporate sweep accounts.
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Core Deposits means the sum of the following items in Schedule RC-E in FFIEC 051 Call Report (or such successor items as may be reflected on updates to such report form) (i) Deposit or Deposits of Persons classified in Transaction Accounts (item 1, column A, RCONB549); and
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Core Deposits means all deposits other than (i) brokered deposits, (ii) time deposits greater than $100,000, and (iii) any deposits that were subject to off balance sheet deposit sweep programs in November 2006 or have been subject to such sweep programs since November 30, 2006.
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Core Deposits means the total deposits of the Bank (including any related sweep accounts), other than (a) certificates of deposits in excess of $100,000, (b) deposits classified as “public funds” or similar accounts, and (c) brokered deposits.
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Core Deposits means all non-brokered deposits and all time deposits under $100,000 of
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Core Deposits means the total deposits of SL Bank less all of the following: “brokered deposits,” as such term is defined in the Rules and Regulations of the FDIC, all time deposits over $100,000, internet deposits, inter-company or Affiliate deposits.
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Core Deposits means all deposits held at the Branches, excluding (i) public funds, (ii) brokered deposits, (iii) out-of-market CDs and (iv) CDs over $250,000.00.
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