Interim Bank means a national bank that does not operate independ- ently but exists solely as a vehicle to accomplish a business combination.

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

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

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.
Upon its execution and delivery, this Agreement constitutes the valid and legally binding obligation of South Branch and will constitute the valid and legally binding obligation of Capital Interim Bank upon execution of the Adoption Agreement.
Boca Raton, Florida; to become a bank holding company by acquiring National Bank of New York City, Flushing, New York, through the merger of Newtek Interim Bank, National Association, Miami, Florida, into National Bank of New York City.
The Bank and the Holding Company agree to be bound by this Agreement prior to and following such execution by the Interim Bank.

More Definitions of Interim Bank

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.

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 that term in the Background section of this Agreement.

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

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

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

Interim Bank shall have the meaning stated in Section 2.12.