CDARS. CDARS deposits pass to the Assuming Bank, but are excluded from Assumed Deposits when the deposit premium is calculated. Bank of Florida – Southwest did participate in the CDARS program as of the date of the deposit download. If CDARS deposits are taken between the date of the deposit download and the Bank Closing Date, they will be identified post closing and made part of Schedule 7 to the P&A Agreement.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
CDARS. CDARS deposits pass to the Assuming BankInstitution, but are excluded from Assumed Deposits when the deposit premium is calculated. The Royal Palm Bank of Florida – Southwest did not participate in the CDARS program as of the date of the deposit download. If CDARS deposits are taken between the date of the deposit download and the Bank Closing Date, they will be identified post closing and made part of Schedule 7 to the P&A Purchase and Assumption Agreement.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (TGR Financial, Inc.)
CDARS. CDARS deposits pass to the Assuming BankInstitution, but are excluded from Assumed Deposits when the deposit premium is calculated. The First National Bank of Florida – Southwest did not participate in the CDARS program as of the date of the deposit download. If CDARS deposits are taken between the date of the deposit download and the Bank Closing Date, they will be identified post closing and made part of Schedule 7 to the P&A Purchase and Assumption Agreement.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Charter Financial Corp/Ga)
