Savings bank definition

Savings bank means a state banking corporation organized or reorganized under this act.

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Savings bank means a savings bank that is organized under the savings bank act, 1996 PA 354, MCL 487.3101 to 487.3804, or the laws of another state, the District of Columbia, a territory or protectorate of the United States, or of the United States, whose deposits are insured by the Federal Deposit Insurance

Savings bank means a savings bank that is organized under the laws of this state, any other state, the District of Columbia, a territory or protectorate of the United States, or of the United States, and whose deposits are insured by an agency of the federal government.

Examples of Savings bank in a sentence

• The Savings Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Savings Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Savings Bank's obligations under this Agreement, in the same manner and to the same extent that the Savings bank would be required to perform if no such succession or assignment had taken place.

• Effective at the end of the first year following the date of ratification of the collective agreement, the Company will contribute $0.14 per regular hour worked by each employee to an individual employee Savings bank account.

• Buyer is preapproved with ▇▇▇▇▇▇ ▇▇▇▇▇▇ of Killbuck Savings bank.

• Considering the importance of business continuity in today’s competitive customer service-oriented market, Botswana Savings bank found it fit to renew its Oracle License to continue benefiting support services from Oracle.

• Following the Closing Date, if IBC receives any of Home Savings' bank or escrow checks, IBC shall outsort such items and forward them to Home Savings' Servicing Center in Irwindale (or such other location as Home Savings shall specify) by overnight mail for a period of one (1) year following the Closing Date.

More Definitions of Savings bank

Savings bank means an institution chartered or organized under the laws of this state as a savings bank;

Savings bank means a savings bank doing business under authority granted by the regulatory authority of another state.

Savings bank means the Post Office Savings Bank, or a banking institution registered under the Banking Act, 1965 (Act No. 23 of 1965), or a building society registered under the Building Societies Act, 1986 (Act 2 of 1986), or, in respect of the allotment of premiums, a person registered or deemed to be registered as an insurer under the Insurance Act, 1943 (Act No. 27 of 1943), or any other body designated by the Minister;

Savings bank or "Bank" shall mean Guaranty Federal Savings Bank, or any successor corporation thereto.

Savings bank means any savings bank organized under the laws of the United States and which has a main office in this state.

Savings bank were substituted for the term "Corporation" therein and the term "Bank Board of Directors" were substituted for the term "Corporation Board of Directors" therein. In no event, however, shall a Change in Control of the Corporation be deemed to have occurred as a result of any acquisition of securities or assets of the Corporation, the Savings Bank, or a subsidiary of either of them, by the Corporation, the Savings Bank, or any subsidiary of either of them, or by any employee benefit plan maintained by any of them. For purposes of this Section 1(d), the term "person" shall include the meaning assigned to it under Sections 13(d)(3) or 14(d)(2) of the Exchange Act.

Savings bank means a state or federal savings bank.