MainSource Bank definition
Examples of MainSource Bank in a sentence
Subsequent to the Effective Time, MainSource Bank (“MainSource Bank”), an Indiana state chartered bank and a wholly-owned Subsidiary of MainSource, will merge (the “Bank Merger”) with and into First Financial Bank (“First Financial Bank”), an Ohio state chartered bank and a wholly-owned Subsidiary of First Financial.
The term "business day" will mean any day except Saturday and Sunday when MainSource Bank, in Greensburg, Indiana, a wholly-owned subsidiary of MainSource, is open for the transaction of business.
First Financial Bank shall be the surviving entity in the Bank Merger and, following the Bank Merger, the separate corporate existence of MainSource Bank shall cease.
Except for the adoption of this Agreement by the affirmative vote of the holders of a majority of the outstanding shares of MainSource Common Stock (the “Requisite MainSource Vote”), and the adoption and approval of the Bank Merger Agreement by MainSource Bank and MainSource as its sole shareholder, no other corporate proceedings on the part of MainSource are necessary to approve this Agreement or to consummate the transactions contemplated hereby.
MainSource Bank has a Community Reinvestment Act rating of “satisfactory” or better.
MainSource shall cause MainSource Bank, and First Financial shall cause First Financial Bank, to execute such articles of merger, certificates of merger and articles of combination and such other documents and certificates as are necessary to make the Bank Merger effective (“Bank Merger Certificates”) following the Effective Time at a time determined pursuant to this Section 1.10.
MainSource Bank has full power and authority (corporate and otherwise) to own or lease all of its properties and assets as presently owned and leased and to carry on its business as it is now being conducted.
Except as set forth in the MainSource Disclosure Schedule, MainSource Bank has no approved but unopened offices or branches.
MainSource Bank received a rating of “satisfactory” or better in its most recent examination or interim review with respect to the Community Reinvestment Act.
All of the issued and outstanding shares of MainSource Bank Common Stock have been duly and validly authorized by all necessary corporation action of MainSource Bank and are (i) validly issued, fully paid and nonassessable and free of preemptive rights, and (ii) owned by MainSource free and clear of any liens, encumbrances, charges, restrictions or rights of third parties of any kind whatsoever.