Agreement with Respect to Safekeeping Business. The Receiver transfers, conveys and delivers to the Assuming Institution and the Assuming Institution accepts all securities and other items, if any, held by the Failed Bank in safekeeping for its customers as of Bank Closing. The Assuming Institution assumes and agrees to honor and discharge, from and
Appears in 3 contracts
Samples: Purchase and Assumption Agreement (Ameris Bancorp), Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement (State Bank Financial Corp)
Agreement with Respect to Safekeeping Business. The Receiver transfers, conveys and delivers to the Assuming Institution Bank and the Assuming Institution Bank accepts all securities and other items, if any, held by the Failed Bank in safekeeping for its customers as of Bank Closing. The Assuming Institution Bank assumes and agrees to honor and discharge, from andand after Bank Closing, the duties and obligations of the Failed Bank with respect to such securities and items held in
Appears in 1 contract
Samples: Purchase and Assumption Agreement (SCBT Financial Corp)
Agreement with Respect to Safekeeping Business. The Receiver transfers, conveys and delivers to the Assuming Institution and the Assuming Institution accepts all securities and other items, if any, held by the Failed Bank in safekeeping for its customers as of Bank Closing. The Assuming Institution assumes and agrees to honor and discharge, from andand after Bank Closing, the duties and obligations of the Failed Bank with respect to such securities and items held in safekeeping. The Assuming Institution shall be entitled to all rights and benefits heretofore accrued or hereafter accruing with respect thereto. The Assuming Institution
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)
Agreement with Respect to Safekeeping Business. The Receiver transfers, conveys and delivers to the Assuming Institution Bank and the Assuming Institution Bank accepts all securities and other items, if any, held by the Failed Bank in safekeeping for its customers as of Bank Closing. The Assuming Institution assumes and agrees to honor and discharge, from and.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Financial Bancorp /Oh/)
Agreement with Respect to Safekeeping Business. The Receiver transfers, conveys and delivers to the Assuming Institution and the Assuming Institution accepts all securities and other items, if any, held by the Failed Bank in safekeeping for its customers as of Bank Closing. The Assuming Institution assumes and agrees to honor and discharge, from and after Bank Closing, the duties and obligations of the Failed Bank with respect to such securities and items held in safekeeping. The Assuming Institution shall be entitled to all rights and
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Washington Banking Co)
