Common use of CRA Compliance Clause in Contracts

CRA Compliance. Neither Seller nor any Seller Subsidiary has received any notice of non-compliance with the applicable provisions of the CRA and the regulations promulgated thereunder. As of the date hereof, Seller Sub’s most recent examination rating under the CRA was “satisfactory” or better. Seller knows of no fact or circumstance or set of facts or circumstances which would be reasonably likely to cause Seller or any Seller Subsidiary to receive any notice of non-compliance with such provisions of the CRA or cause the CRA rating of Seller or any Seller Subsidiary to decrease below the “satisfactory” level.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Wesbanco Inc), Agreement and Plan of Merger (Esb Financial Corp), Agreement and Plan of Merger (Wesbanco Inc)

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CRA Compliance. Neither Seller Buyer nor any Seller Buyer Subsidiary has received any notice of non-compliance with the applicable provisions of the CRA and the regulations promulgated thereunder. As of the date hereof, Seller SubBuyer’s and each Buyer Subsidiary’s most recent examination rating under the CRA was “satisfactory” or better. Seller Buyer knows of no fact or circumstance or set of facts or circumstances which would be reasonably likely to cause Seller Buyer or any Seller Buyer Subsidiary to receive any notice of non-compliance with such provisions of the CRA or cause the CRA rating of Seller Buyer or any Seller Buyer Subsidiary to decrease below the “satisfactory” level.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Valley Financial Corp /Va/), Agreement and Plan of Merger (BNC Bancorp), Agreement and Plan of Merger (BNC Bancorp)

CRA Compliance. Neither Seller Buyer nor any Seller Buyer Subsidiary has received any notice of non-compliance with the applicable provisions of the CRA and the regulations promulgated thereunder. As of the date hereof, Seller Sub’s most recent examination Buyer Sub received a CRA rating under the CRA was of “satisfactory” or betterbetter from the FDIC in its most recent examination. Seller Buyer knows of no fact or circumstance or set of facts or circumstances which would be reasonably likely to cause Seller Buyer or any Seller Buyer Subsidiary to receive any notice of non-compliance with such provisions of the CRA or cause the CRA rating of Seller Buyer or any Seller Buyer Subsidiary to decrease below the “satisfactory” level.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Wesbanco Inc), Agreement and Plan of Merger (Esb Financial Corp), Agreement and Plan of Merger (Wesbanco Inc)

CRA Compliance. Neither Seller Buyer nor any Seller Buyer Subsidiary has received any notice of non-compliance with the applicable provisions of the CRA and the regulations promulgated thereunder. As of the date hereof, Seller Sub’s most recent examination Buyer Sub received a CRA rating under the CRA was of “satisfactory” or betterbetter from the FDIC in its most recent examination. Seller knows Neither Buyer nor Buyer Sub has knowledge of no any fact or circumstance or set of facts or circumstances which that would be reasonably likely expected to cause Seller Buyer or any Seller Buyer Subsidiary to receive any notice of non-compliance with such provisions of the CRA or cause the CRA rating of Seller Buyer or any Seller Buyer Subsidiary to decrease below the “satisfactory” level.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Wesbanco Inc), Agreement and Plan of Merger (Old Line Bancshares Inc)

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CRA Compliance. Neither Seller Buyer nor any Seller Buyer Subsidiary has received any notice of non-compliance with the applicable provisions of the CRA and the regulations promulgated thereunder. As of the date hereof, Seller Sub’s most recent examination Buyer Sub received a CRA rating under the CRA was of “satisfactory” or betterbetter from the FDIC in its most recent examination. Seller Buyer knows of no fact or circumstance or set of facts or circumstances which that would be reasonably likely to cause Seller Buyer or any Seller Buyer Subsidiary to receive any notice of non-compliance with such provisions of the CRA or cause the CRA rating of Seller Buyer or any Seller Buyer Subsidiary to decrease below the “satisfactory” level.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wesbanco Inc)

CRA Compliance. Neither Seller Buyer nor any Seller Buyer Subsidiary has received any notice of non-compliance with the applicable provisions of the CRA and the regulations promulgated thereunder. As of the date hereof, Seller Sub’s most recent examination Buyer Sub received a CRA rating under the CRA was of “satisfactory” or betterbetter from the FDIC in its most recent examination. Seller Buyer knows of no fact or circumstance or set of facts or circumstances which that would be reasonably likely expected to cause Seller Buyer or any Seller Buyer Subsidiary to receive any notice of non-compliance with such provisions of the CRA or cause the CRA rating of Seller Buyer or any Seller Buyer Subsidiary to decrease below the “satisfactory” level.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Farmers Capital Bank Corp)

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