Interim Bank definition

Interim Bank means a bank established exclusively for the temporary purposes set forth in this regulation.

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Interim Bank has the meaning set forth in the preamble to this Agreement.

Interim Bank means American Interim Bank, an interim savings bank to be organized under HOLA for the sole purpose of consummating the transactions provided for herein.

Examples of Interim Bank in a sentence

• Any reference to the Bank or the Interim Bank in any contract, will or document, whether executed or taking effect before or after the Merger, shall be considered a reference to the Continuing Bank if not inconsistent with the other provision of the contract, will or document.

• The Bank and the Holding Company acknowledge that, as of the date hereof, the charter of the Interim Bank has not been issued by the OTS.

• The shares of Bank Common Stock previously held by the Mutual Holding Company (now Interim Bank No. 1) will be canceled.

• The Bank shall pay all costs and expenses incurred by it, the Holding Company and the Interim Bank in connection with this Agreement and the transactions contemplated hereunder.

• The Holding Company, as the organizer and sole stockholder of the Interim Bank, agrees to cause the Interim Bank to execute this Agreement promptly following the corporate organization of the Interim Bank.

More Definitions of Interim Bank

Interim Bank means Western Interim Bank, a commercial bank to be organized under the laws of the Commonwealth for the sole purpose of consummating the transactions provided for herein.

Interim Bank has the meaning given to such term in the Background Section of this Agreement.

Interim Bank shall have the meaning set forth in the recitals to this Agreement.

Interim Bank means the interim bank to be chartered by CFAC to facilitate the Merger.

Interim Bank has the meaning set forth in Section 2.01(a).

Interim Bank means the interim California banking corporation established by Company solely for the purpose of effecting the Merger.

Interim Bank means ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇ ▇▇▇ ▇▇▇▇ chartered commercial bank, wholly owned by Assignee, formed solely for the purpose of facilitating the Interim Merger.