Merging Banks definition

Merging Banks means, collectively, BSB Bank and NBT Bank.

Merging Banks shall collectively refer to Citizens Bank and Xxxxxx Federal.

Merging Banks shall collectively refer to SBM and NHSB.

Examples of Merging Banks in a sentence

• The assets, liabilities, reserves and accounts of each of the Merging Banks shall be recorded on the books of the Resulting Bank at the amounts at which each shall have been carried on the books of the Merging Banks at the Effective Time.

• The employees of the Merging Banks shall become the employees of the Resulting Bank.

• Each of the Merging Banks acknowledges and agrees that it has participated in the drafting and negotiation of this Agreement.

• Any reference to any of the Merging Banks in any writing, whether executed or taking effect before or after the Merger, shall be deemed a reference to the Resulting Bank if not inconsistent with the other provisions of such writing.

• All rights and obligations of the Merging Banks shall remain unimpaired, and the Surviving Bank shall, upon the Effective Time, succeed to all those rights and obligations.

More Definitions of Merging Banks

Merging Banks shall collectively refer to Franklin Savings and Cheviot Savings Bank.

Merging Banks shall collectively refer to Boardwalk and Cape Bank.

Merging Banks shall collectively refer to First Savings and The Provident Bank.

Merging Banks means, collectively, BSB Bank and NBT

Merging Banks means BankFirst and First National Bank of Gatlinburg.

Merging Banks means, collectively, Catskill Bank and Troy Bank.

Merging Banks means, collectively, Buyer Bank and Company Bank.