GC Bank definition

GC Bank means Greater Community Bank, a New Jersey chartered commercial bank, with its principal offices located at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇, which is a wholly owned subsidiary of GCB.
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Examples of GC Bank in a sentence

  • In addition, following the execution and delivery of this Agreement, OFC will cause Oritani Savings Bank, and GCB will cause GC Bank, to execute and deliver the Plan of Bank Merger substantially in the form attached to this Agreement as Exhibit C.

  • GCB DISCLOSURE SCHEDULE 4.12.4 sets forth, as of August 31, 2007, a schedule of all executive officers and directors of GCB who have outstanding loans from GCB or GC Bank, and there has been no default on, or forgiveness or waiver of, in whole or in part, any such loan during the two years immediately preceding the date hereof.

  • Neither GC Bank nor any other GCB Subsidiary has, and to the Knowledge of GCB, nor has any of their respective directors, officers or employees, committed any breach of trust with respect to any such fiduciary account and the records for each such fiduciary account.

  • In the event that GC Bank takes, at the request of Oritani Savings Bank, any action relative to third parties to facilitate the conversion that results in the imposition of any termination fees or charges, Oritani Savings Bank shall indemnify GC Bank for any such fees and charges, and the costs of reversing the conversion process, if for any reason the Merger is not consummated for any reason other than a breach of this Agreement by GCB, or a termination of this Agreement under Section 11.1.8 or 11.1.9.

  • GCB and/or GC Bank shall distribute benefits due to the participants under such Director Plans at the Effective Time, in accordance with Treasury Regulation Section 1.409A-3(j)(4)(ix)(B).

  • GCB and/or GC Bank shall obtain from each participant in the Director SERP and in the Director Plans an acknowledgement verifying the payments of the amounts due thereunder and releasing GCB, GC Bank, OFC and any OFC Subsidiary from any obligations thereunder.

  • The Board of Directors of GC Bank has adopted and GC Bank has implemented an anti-money laundering program that contains adequate and appropriate customer identification verification procedures that has not been deemed ineffective by any Governmental Authority and that meets the requirements of Sections 352 and 326 of the USA Patriot Act and the regulations thereunder.

  • GC Bank and each of its subsidiaries has properly administered, in all material respects, all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable laws and regulations.

  • Immediately after the Merger, GC Bank shall merge with and into Oritani Savings Bank, with Oritani Savings Bank as the resulting institution.

  • OFC and GCB shall use their reasonable best efforts to cause the merger of GC Bank with and into Oritani Savings Bank, with Oritani Savings Bank as the surviving institution, to occur as soon as practicable after the Effective Time.