Examples of Merger Act in a sentence
Immediately following the Effective Time, the Company’s Bank shall be merged with and into the Parent’s Bank (the “Bank Merger”) in accordance with the provisions of the Bank Merger Act and, to the extent applicable, the New Jersey Banking Act of 1948, as amended (the “Banking Act”), and the regulations of the New Jersey Department of Banking and Insurance (the “New Jersey Department”), and the Parent’s Bank shall be the surviving bank (the “Surviving Bank”).
Shareholders of the Bank who dissent to the merger, if any, will receive cash for their shares of stock in the Bank, pursuant to the National Bank Merger Act.
At the Effective Time, the effect of the Merger shall be as provided in this Agreement, the Certificate of Merger, the Articles of Merger and the applicable provisions of the DGCL and the Nevada Merger Act.
Shareholders of the Bank who dissent to the merger transaction, if any, are receiving cash for their shares of stock in the Bank, pursuant to the National Bank Merger Act.
Approve any agreements to which the Company is a party relating to mergers, demergers, transformations and/or transfer of assets ( Vermögensübertragung), to the extent required pursuant to the Swiss Merger Act (Fusionsgesetz).
In considering an application under the Bank Merger Act, the OCC also reviews the records of performance of the relevant insured depository institutions under the Community Reinvestment Act of 1977 (the “CRA”).Furthermore, the Bank Merger Act and OCC regulations require published notice of, and the opportunity for public comment on, the application to the OCC, and authorize the OCC to hold a public hearing or meeting if the OCC determines that a hearing or meeting would be appropriate.
In accordance with the National Bank Merger Act and the Pennsylvania Banking Code of 1965 the Bank is merging with and into the Surviving Bank.
Transactions approved under the Bank Merger Act generally may not be completed until 30 days after the approval of the applicable federal banking agency is received, during which time the DOJ may challenge the transaction on antitrust grounds.
Such conditions or changes could have the effect of delaying or preventing completion of the Merger or the Bank Merger or imposing additional costs on or limiting the revenues of the combined company following the Merger and the Bank Merger, any of which might have an adverse effect on the combined company following the Merger.The OCC has approved UFB’s application filed under the Bank Merger Act with respect to the Bank Merger.
A determination by the FRB is not an endorsement of, or recommendation for, the transactions contemplated by the Merger Agreement.Office of the Comptroller of the CurrencyIn order to consummate the Bank Merger, UFB must receive the approval of the OCC under the Bank Merger Act.