The Share Exchange. At the Effective Date, the Bank shall become a banking subsidiary of the Holding Company pursuant to the Plan of Share Exchange attached hereto as Appendix A. The Share Exchange and the reorganization shall be effective on the date shown on the Certificate of Share Exchange issued by the State Corporation Commission of Virginia, effectuating the reorganization (the “Effective Date”).
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (First Bankshares, Inc.), Agreement and Plan of Reorganization (Alliance Bankshares Corp), Agreement and Plan of Reorganization (Access National Corp)
The Share Exchange. At the Effective DateDate of the Share Exchange, the Bank shall become a banking subsidiary of the Holding Company pursuant to Company. The Share Exchange shall be effective upon the issuance of a Certificate of Share Exchange by the Virginia State Corporation Commission upon filing of a Plan of Share Exchange by the Constituent Corporations, substantially in the form attached hereto as Appendix A. The Share Exchange and the reorganization shall be effective on the date shown on the Certificate of Share Exchange issued by the State Corporation Commission of Virginia, effectuating the reorganization (the “Effective Date”).I.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Hampton Roads Bankshares Inc)
The Share Exchange. At the Effective Date, the Bank shall become a wholly owned banking subsidiary of the Holding Company pursuant to the Plan of Share Exchange attached hereto as Appendix A. The Share Exchange and the reorganization shall be effective on the date shown on the Certificate of Share Exchange issued by the State Corporation Commission of Virginia, effectuating the reorganization (the “Effective Date”).
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (MainStreet Bancshares, Inc.)
