Mid Penn Bank definition

Mid Penn Bank means Mid Penn Bank, a Pennsylvania banking institution, with its principal offices located at 000 Xxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxxxxxxx 00000, which is a wholly owned subsidiary of Mid Penn.
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Examples of Mid Penn Bank in a sentence

  • The most recent regulatory rating given to Mid Penn Bank as to compliance with the CRA is satisfactory or better.

  • Mid Penn Bank is a member in good standing of the FHLB and owns the requisite amount of stock therein.

  • From the date hereof through the Closing Date, there shall not have occurred, on a consolidated basis, any change that individually or in the aggregate has a Material Adverse Effect with respect to Mid Penn or Mid Penn Bank.

  • The Board of Directors of Mid Penn Bank has adopted and Mid Penn Bank has implemented an anti-money laundering program that contains adequate and appropriate customer identification verification procedures that has not been deemed ineffective by any Governmental Entity and that meets the requirements of Sections 352 and 326 of the USA PATRIOT Act and the regulations thereunder.

  • The deposits of Mid Penn Bank are insured by the FDIC to the fullest extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due.

  • Neither Mid Penn Bank nor any other Mid Penn Subsidiary, nor has any of their respective directors, officers or employees, committed any breach of trust with respect to any such fiduciary account and the records for each such fiduciary account.

  • Mid Penn Bank and each Mid Penn Subsidiary has properly administered all accounts for which it acts as a fiduciary in all material respects, including but not limited to accounts for which it serves as trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable laws and regulators.

  • References to the Knowledge of Mid Penn shall include the Knowledge of Mid Penn Bank.

  • Either Mid Penn or Mid Penn Bank owns all of the outstanding shares of capital stock or equity interests of each Mid Penn Subsidiary free and clear of all Liens.

  • Mid Penn Bank has the requisite corporate power and authority to carry on its business as now conducted and is duly licensed or qualified to do business in the Commonwealth of Pennsylvania and foreign jurisdictions where its ownership or leasing of property or the conduct of its business requires such license or qualification.

Related to Mid Penn Bank

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