Examples of Xxxxxx Xxx Bank in a sentence
SLM BankCo shall contribute all of the outstanding capital stock of Private ServiceCo to Xxxxxx Mae Bank, such that Private ServiceCo becomes a wholly owned Subsidiary of Xxxxxx Xxx Bank.
You may allocate Contributions to one or more of the iShares 529 Plan’s Portfolios managed by BFA or Xxxxxx Xxx Bank.
The FDIC-Insured Portfolio option allows you to invest in the Savings Portfolio, which invests 100% of its assets in a FDIC-insured high yield savings account held in trust by the Committee at Xxxxxx Xxx Bank.
Subject to the application of Xxxxxx Xxx Bank and FDIC rules and regulations to each Account Owner, funds in the Savings Portfolio will retain their value as described below under “FDIC Insurance.” Except for the Savings Portfolio, investments in the iShares 529 Plan are not insured by the FDIC.
FDIC insurance is provided for the Savings Portfolio only, which invests in an FDIC-insured omnibus savings account held in trust by the Committee at Xxxxxx Xxx Bank.
The HYSA APY will be reviewed by Xxxxxx Xxx Bank on a periodic basis and may be recalculated as needed at any time.
The HYSA is held in an omnibus high yield savings account insured (as described below) by the FDIC, which is held in trust by the Committee at Xxxxxx Xxx Bank.
The amount of FDIC insurance provided to an Account Owner is based on the total of: (a) the value of an Account Owner’s investment in the Savings Portfolio; and (b) the value of all other accounts held by the Account Owner at Xxxxxx Xxx Bank, as determined by Xxxxxx Xxx Bank and FDIC regulations.
On April 28, 2014, Existing SLM contributed 100% of the membership interests in RE 3 and 100% of the stock of RE Services 5, Inc., a Delaware corporation (“RE 5”), to Xxxxxx Mae Bank, such that each of RE 3 and RE 5 is a wholly owned Subsidiary of Xxxxxx Xxx Bank.
No investment recommendation or advice received by the Account Owner from any Financial Advisor or any other person is provided by, or on behalf of, the State of Arkansas, the Committee, the iShares 529 Plan, BlackRock, Ascensus College Savings, or Xxxxxx Xxx Bank.