Allowance for Loan Losses. The allowance for loan losses reflected on the Sky Financial Statements, as of their respective dates, is adequate in all material respects under the requirements of GAAP and applicable regulatory requirements and guidelines to provide for reasonably anticipated losses on outstanding Loans, net of recoveries.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Sky Financial Group Inc), Agreement and Plan of Merger (Sky Financial Group Inc), Agreement and Plan of Merger (Belmont Bancorp)
Allowance for Loan Losses. The allowance for loan losses reflected on the Sky Sky's Financial Statements, as of their respective dates, is adequate in all material respects under the requirements of GAAP and applicable regulatory requirements and guidelines generally accepted accounting principles to provide for reasonably anticipated losses on outstanding Loans, net of recoveriesloans.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Sky Financial Group Inc), Agreement and Plan of Merger (Metropolitan Financial Corp /Oh/), Agreement and Plan of Merger (Three Rivers Bancorp Inc)
Allowance for Loan Losses. The allowance for loan losses reflected on the Sky Sky's Financial Statements, as of their respective dates, is adequate in all material respects under the requirements of GAAP and applicable regulatory requirements and guidelines to provide for reasonably anticipated losses on outstanding Loans, net of recoveriesloans.
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