Common use of Community Reinvestment Act Compliance Clause in Contracts

Community Reinvestment Act Compliance. The Bank has not received any notice of non-compliance with the applicable provisions of the CRA and the regulations promulgated thereunder, and the Bank has received a CRA rating of satisfactory or better in its last examination. Seller knows of no fact or circumstance or set of facts or circumstances that would cause the Bank to fail to comply with such provisions or to cause the CRA rating of the Bank to fall below satisfactory.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Fentura Financial Inc), Stock Purchase Agreement (Pavilion Bancorp Inc), Stock Purchase Agreement (Clarkston Financial Corp)

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Community Reinvestment Act Compliance. The Bank has not received any notice of non-is in compliance in all material respects with the applicable provisions of the CRA and the regulations promulgated thereunder, thereunder and the Bank has received a CRA rating of satisfactory or better “satisfactory” in its last most recently completed CRA examination. Seller knows , and as of no the date of this Agreement, neither the Company nor the Bank has knowledge of the existence of any fact or circumstance or set of facts or circumstances that would cause could reasonably be expected to result in the Bank to fail to comply with such provisions or to cause not having at least a “satisfactory” rating following the release of its next CRA rating of the Bank to fall below satisfactoryexamination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Northwest Bancshares, Inc.)

Community Reinvestment Act Compliance. The Bank has not received any notice of non-compliance with the applicable provisions of the CRA Community Reinvestment Act ("CRA") and the regulations promulgated thereunder, and the Bank has received a CRA rating of satisfactory or better in its last examinationbetter. Seller knows RLBI has no Knowledge of no fact or circumstance or set of any facts or circumstances that circumstances, which would cause the Bank to fail to comply with such provisions or to cause the CRA rating of the Bank to fall below satisfactory.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Northern States Financial Corp /De/)

Community Reinvestment Act Compliance. The Neither the Company nor the Bank has not received any notice of non-compliance with the applicable provisions of the CRA Community Reinvestment Act (“CRA”) and the regulations promulgated thereunder, and the Bank has received a CRA rating of satisfactory or better in its last examinationfrom the Federal Deposit Insurance Corporation (“FDIC”) or other applicable Governmental Authority. Seller Neither the Company nor the Bank knows of no fact or circumstance or set of any facts or circumstances that which would cause the Bank to fail to comply with such provisions or to cause the CRA rating of the Bank to fall below receive a rating less than satisfactory.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Community Financial Shares Inc)

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Community Reinvestment Act Compliance. The Neither the Company nor the Bank has not received any notice of non-compliance with the applicable provisions of the CRA Community Reinvestment Act ("CRA") and the regulations promulgated thereunder, and the Bank has received a CRA rating of satisfactory or better in its last examinationfrom the Federal Deposit Insurance Corporation (the "FDIC") or other applicable Governmental Authority. Seller The Company knows of no fact or circumstance or set of facts or circumstances that which would cause the Bank to fail to comply with such provisions or to cause the CRA rating of the Bank to fall below satisfactory.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wintrust Financial Corp)

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