Allowance for Loan Losses. The allowance for loan losses reflected, and to be reflected, in the Sovereign Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Sovereign Bancorp Inc), Agreement and Plan of Merger (First Essex Bancorp Inc), Stock Option Agreement (Sovereign Bancorp Inc)
Allowance for Loan Losses. The allowance for loan losses reflected, and to be reflected, in the Sovereign Regulatory ReportsReports each has been, and will be, established in accordance with the requirements of all applicable regulatory criteria, and the allowance for loan losses, shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance compliance with the applicable requirements of GAAP and all applicable regulatory criteriaGAAP.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Sovereign Bancorp Inc), Stock Option Agreement (Sovereign Bancorp Inc)
Allowance for Loan Losses. The allowance for loan losses reflected, and to be reflected, in the Sovereign Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.. Section 3.16
Appears in 1 contract
Samples: Annex a Agreement and Plan of Merger (Sovereign Bancorp Inc)
Allowance for Loan Losses. The allowance for loan ------------------------- losses reflected, and to be reflected, in the Sovereign Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Peoples Bancorp Inc /De/)
Allowance for Loan Losses. The allowance for loan losses ------------------------- reflected, and to be reflected, in the Sovereign Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Main Street Bancorp Inc)
