Alliance Bank is an “insured depositary institution” as defined in the FDIA and applicable regulations thereunder, is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of “satisfactory” in its most recently completed examination, and Alliance has no Knowledge of the existence of any fact or circumstance or set of facts or circumstances which could reasonably be expected to result in Alliance Bank having its current rating lowered.
Alliance Bank is a national banking association duly organized, and validly existing under the laws of the United States. The deposits in Alliance Bank are insured by the FDIC to the fullest extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due. Alliance Bank is a member of the Federal Reserve System and FHLB and owns the requisite amount of stock of each as set forth on AFC Disclosure Schedule 5.2.2. 5.2.3 AFC Disclosure Schedule 5.2.3 sets forth each AFC Subsidiary and its jurisdiction of incorporation or organization. Each AFC Subsidiary is a corporation, limited liability company or other legal entity as set forth on AFC Disclosure Schedule 5.2.3, duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization. Each AFC Subsidiary is duly licensed or qualified to do business in the states of the United States and foreign jurisdictions where its ownership or leasing of property or conduct of its business requires such qualification.
Alliance Bank. Xxxxxxx X. Xxxxx, Xx., President & Chief Executive Officer Alliance Bankshares Corporation 00000 Xxxxxx Xxxx Xxxxx Xxxxx 000 Xxxxx Xxxxxxxxx, Xxxxxxxx 00000 Fax: (000) 000-0000 E-mail: xxxxxx@xxxxxxxxxxxxxx.xxx Copy to: Xxxxx X. Xxxx, III Xxxxxxxx Xxxxxxx LLP Xxxxxxxx Xxxxxxx Building 0000 Xxxxxx Xxxxx Xxxxxxxx, Xxxxxxxx 00000 Fax (000) 000-0000 E-mail: xxxx.xxxx@xxxxxxxxxxxxxxx.xxx if to WF Bank: Xxxxx X. Xxxxxxxx, Chief Executive Officer 00000 Xxxxxxx Xxxxx Xxxxx 000 Xxxxxx, Xxxxxxxx 00000 Fax: (000) 000-0000 E-mail: xxxxxxxxx@xxxx.xxx Copies to: Xxxxxxx Xxxx, General Counsel 00000 Xxxxxxx Xxxxx Xxxxx 000 Xxxxxx, Xxxxxxxx 00000 Fax: (000) 000-0000 E-mail: xxxxx@xxxx.xxx Xxxx X. Xxxxxxxx Bracewell & Xxxxxxxx LLP 000 Xxxxxxxxx Xxxxxx, Xxxxx 0000 Xxxxxxx, Xxxxx 00000 Fax: (000) 000-0000 E-Mail: xxxx.xxxxxxxx@xxxxx.xxx or to such other address as such party may designate by notice to the others and shall be deemed to have been given upon receipt.
Alliance Bank. 2. The MoU includes the following legal entities
Alliance Bank. The procedure of information exchange and contents of information should comply with the national legislation of the Russian Federation and Norway. To further strengthen the supervision, the Bank of Russia and Finanstilsynet shall appoint members of a supervision group, which will be responsible for the cooperation on the basis of this Memorandum. The members of the supervision group shall be responsible for communication of information between the authorities and have regular contact and/or meetings. On such occasions, the risk profile of SpareBank 1 Nord-Norge and North-West 1 Alliance Bank should be discussed and vulnerabilities identified. In that respect, the Bank of Russia will inform Finanstilsynet of its assessment of North-West 1 Alliance Bank, relevant to the consolidated supervision. Finanstilsynet will provide the Bank of Russia with an assessment of SpareBank 1 Nord-Norge relevant to the supervision of North-West 1 Alliance Bank. Comparison should be made of the risk assessment systems used by the authorities with respect to the group. Should it be necessary to conduct an on-site examination of North-West 1 Alliance Bank by Finanstilsynet, the latter shall notify the Bank of Russia beforehand and provides the Bank of Russia other information concerning the procedure of the coming examination (for example, the subject and the scope of examination, dates of the examination, names of the examiners). The Bank of Russia and Finanstilsynet hold (as a common rule) a meeting (with or without representatives of North-West 1 Alliance Bank - as agreed) to discuss the results of the examination. The Bank of Russia and Finanstilsynet shall meet when deemed appropriate in order to discuss joint issues and assess the cooperation. The authorities shall observe professional secrecy. If there is any doubt about the type of information subject to professional secrecy, the supervisors involved shall contact each other directly.
Alliance Bank. The list shall contain names, telephone- and faxnumbers, e-mail and area of responsibility. Finanstilsynet is responsible for drawing up a list of the staff in Finanstilsynet assigned to the supervision of Sparebank 1 Nord-Norge. The list shall contain names, telephone- and fax numbers, e-mail and area of responsibility. Moreover, Finanstilsynet is responsible for keeping the Bank of Russia up-dated on the organisational structure of Sparebank 1 Nord-Norge. An overview of the organisational structure is to be submitted to the Bank of Russia each year and in connection with major changes.
Alliance Bank without your consent, may assign its rights and delegate its duties under this agreement to a company affiliated with Alliance Bank or to any other party Alliance Bank may contract with in the future. You have no authority to assign any of your rights or duties under this agreement at any time.
Alliance Bank is a national banking association duly organized, and validly existing under the laws of the United States. The deposits in Alliance Bank are insured by the FDIC to the fullest extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due. Alliance Bank is a member of the Federal Reserve System and FHLB and owns the requisite amount of stock of each as set forth on AFC Disclosure Schedule 5.2.2.
