Parent Bank definition

Parent Bank. , in relation to a bank, means a financial institution which is able to exercise a significant influence over the direction and management of the bank or which has a controlling interest in the bank;

Parent Bank means Banknorth, National Association and any successor thereto.

Parent Bank means a state or national bank which operates or has applied to operate a branch in this state;

Examples of Parent Bank in a sentence

• In the case of Banks being branches of foreign Banks, the compliance of this Agreement could evidenced when relevant, by an annual certification from their Parent Bank stating that the branch has the structure, organization and controls to ensure a Corporate Governance adjusted to the good banking practices.

• Subject to the terms and conditions of this Agreement, on the Effective Date (as hereinafter defined), immediately following effectiveness of the Parent Merger, Company Bank Sub shall be merged with and into Parent Bank Sub pursuant to the provisions of, and with the effect provided in, 205 ILCS 5/24 (the “Banking Act”) (said transaction being hereinafter referred to as the “Bank Merger”).

• The transactions contemplated by the Purchase Agreement, dated as of the date hereof and attached as Exhibit C, shall have been consummated substantially contemporaneously with the Closing, except to the extent the failure of such consummation to have occurred was primarily caused by a party of the Purchase Agreement other than Parent or Parent Bank.

• Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through Parent Bank.

• Subject to applicable Law, the Company shall, commencing as of the date of this Agreement, provide Parent and Parent Bank Sub with reasonable access to the Company Bank Sub’s offices, systems and facilities and all relevant information and personnel at such times and places as Parent Bank Sub shall reasonably request (with minimal disruption to the Company’s and Company Bank Sub’s employees, customers and operations) as shall be reasonably necessary to effect the Conversion following the Closing.

More Definitions of Parent Bank

Parent Bank has the meaning set forth in the preamble to this Agreement.

Parent Bank has the meaning ascribed thereto in the recitals to this Agreement.

Parent Bank means, with respect to any Bank, any Person controlling such Bank.

Parent Bank. , in relation a Merchant Bank, means a bank (whether licensed in Singapore or not), of which the Merchant Bank is a subsidiary;

Parent Bank means parent bank as defined in other legislation;30p

Parent Bank means a Foreign Bank as defined under sub-regulation (d) or an Indian Bank as defined under sub-regulation (f), or both, as the case may be, that intendsto, or has set up a Banking Unit;

Parent Bank has the meaning assigned in the Recitals.