Community Bank is the beneficial owner of 1,000 shares of the outstanding capital stock of CBES Service Corporation ("Service Corporation"), a Missouri corporation, which shares represent 100% of the outstanding shares of capital stock of Service Corporation.
Community Bank. We have incurred and expect to incur a number of non-recurring costs associated with the acquisition of Southwest Banc Shares, Inc. and First Community Bank and the acquisition of Sunshine Financial, Inc. and Sunshine Community Bank. These costs and expenses include fees paid to financial, legal and accounting advisors, severance, retention bonus and other potential employment-related costs, filing fees, printing expenses and other related charges. There are also a large number of processes, policies, procedures, operations, technologies and systems that must be integrated in connection with the merger and the integration of these companies’ businesses. While we have assumed that a certain level of expenses would be incurred in connection with the acquisitions, there are many factors beyond our control that could affect the total amount or the timing of the integration and implementation expenses. There may also be additional unanticipated significant costs in connection with the acquisitions that we may not recoup. These costs and expenses could reduce the realization of efficiencies, strategic benefits and additional income we expect to achieve from the acquisitions.
Community Bank an Alabama banking corporation, will pay to the party of the first part the sum of SIX HUNDRED THOUSAND AND NO/100 DOLLARS ($600,000.00) in two equal annual installments, the first annual installment of THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($300,000.00) being due and payable on the eighth day after the execution of this Agreement and a second and final annual installment of THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($300,000.00) on the 8th day of January, 2003.
Community Bank. (i) First Community Bank has been duly organized and is validly existing in good standing under the laws of the United States and is duly qualified to do business and is in good standing in the jurisdictions where its ownership or leasing of property or the conduct of its business requires it to be so qualified. First Community Bank is duly licensed by the OCC and its deposits are insured by the FDIC in the manner and to the maximum extent provided by law.
Community Bank. Request and Agreement for Electronic Delivery of Statements This is a request to have the statements of your account(s) with FIRST COMMUNITY BANK delivered to you electronically in accordance with the above consent.
Community Bank is a commercial bank duly organized and validly existing under the laws of the Commonwealth of Pennsylvania. The deposits in Community 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. Community Bank is a member in good standing of the FHLB and owns the requisite amount of FHLB stock.
Community Bank has Previously Disclosed to Financial Corporation a listing of (i) each loan, extension of credit, or other asset of Community Bank which, as of March 31, 2003, was classified by the FDIC, the Commissioner, or by Community Bank as "Loss", "Doubtful", "Substandard", or "Special Mention" (or otherwise by words of similar import), or which Community Bank has designated as a special asset or for special handling or placed on any "watch list" because of concerns regarding the ultimate collectibility or deteriorating condition of such asset or any obligor or Loan Collateral therefor, and (ii) each loan or extension of credit of Community Bank which, as of March 31, 2003, was past due thirty (30) days or more as to the payment of principal and/or interest, or as to which any obligor thereon (including the borrower or any guarantor) otherwise was in default, is the subject of a proceeding in bankruptcy, or otherwise has indicated an inability or intention not to repay such loan or extension of credit.
Community Bank. First Community Bank is a national bank, having its principal place of business in Bluefield, Virginia.
Community Bank. Trust is a Texas state savings bank, duly organized and existing under the laws of the state of Texas, and has full power and authority (including all licenses, franchises, permits and other governmental authorizations which are legally required) to own its properties and to engage in the business and activities now conducted by it, including specifically its banking business. Community Bank & Trust has 28 branch banking facilities the locations of which are listed in Section 2.3(a) of the Disclosure Letter, each of which holds a valid branch license for operation of a branch at its branch location. No license applications are pending for establishment of any other or additional branch facilities, except as otherwise described in Section 2.3(a) of the Disclosure Letter. True and complete copies of the Articles of Association and Bylaws of Community Bank & Trust, as amended to date, have been delivered to Texas Regional. Community Bank & Trust (i) is duly authorized to conduct a general banking business, in accordance with its charter, subject to the supervision of the Texas Savings and Loan Department and its primary federal regulator, the Federal Deposit Insurance Corporation, and other applicable regulatory authorities; (ii) is an insured bank as defined in the Federal Deposit Insurance Act; and (iii) has full power and authority (including all licenses, franchises, permits and other governmental authorizations which are legally required) to engage in the business and activities now conducted by it. All books and records related to the business of Community Bank & Trust are true, correct and complete in all material respects. Community Bank & Trust’s banking, trust business and other business activities are in full compliance with sound banking practices and applicable provisions of law, including the Texas Savings Bank Act, the Federal Deposit Insurance Act and the regulations of the Texas Savings and Loan Department and the Federal Deposit Insurance Corporation in all material respects. Without limiting the foregoing, Community Bank & Trust has all requisite trust powers for the operation of its trust business as presently or proposed to be conducted. The trust business is conducted in accordance with sound trust management practices. Except as disclosed in Section 2.3 of the Disclosure Letter, Community Bank & Trust has no subsidiaries or affiliates, owns no voting securities of any other corporation or other entity, and is not a member of any joint v...
Community Bank. Trust is a duly organized, validly existing and in good standing as a banking association under the laws of the State of Texas;
