CRA Compliance. NPB and NPBank are in material compliance with the applicable provisions of the CRA, and, as of the date hereof, NPBank has received a CRA rating of "satisfactory" or better from the OCC. To the Knowledge of NPB, there is no fact or circumstance or set of facts or circumstances which would cause NPBank to fail to comply with such provisions in a manner which would have a Material Adverse Effect.
Appears in 3 contracts
Samples: Agreement (National Penn Bancshares Inc), Stock Option Agreement (National Penn Bancshares Inc), Agreement (National Penn Bancshares Inc)
CRA Compliance. NPB and NPBank NP Bank are in material compliance with the applicable provisions of the CRA, and, as of the date hereof, NPBank NP Bank has received a CRA rating of "satisfactory" or better from the OCC. To the Knowledge of NPB, there is no fact or circumstance or set of facts or circumstances which would cause NPBank NP Bank to fail to comply with such provisions in a manner which would have a Material Adverse Effect.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (National Penn Bancshares Inc), Agreement and Plan of Merger (National Penn Bancshares Inc)
CRA Compliance. NPB and NPBank are in material compliance with the applicable provisions of the CRA, and, as of the date hereof, NPBank has received a CRA rating of "“satisfactory" ” or better from the OCC. To the Knowledge of NPB, there is no fact or circumstance or set of facts or circumstances which would cause NPBank to fail to comply with such provisions in a manner which would have a Material Adverse EffectEffect on NPB.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (National Penn Bancshares Inc), Agreement and Plan of Merger (KNBT Bancorp Inc)
CRA Compliance. NPB and NPBank are in material compliance with the -------------- applicable provisions of the CRA, and, as of the date hereof, NPBank has received a CRA rating of "satisfactory" or better from the OCC. To the Knowledge of NPB, there is no fact or circumstance or set of facts or circumstances which would cause NPBank to fail to comply with such provisions in a manner which would have a Material Adverse Effect.
Appears in 2 contracts
Samples: Stock Option Agreement (Community Independent Bank Inc), Agreement (Nittany Financial Corp)
CRA Compliance. NPB and NPBank are in material compliance with the applicable provisions of the CRA, and, as of the date hereof, NPBank has received a CRA rating of "“satisfactory" ” or better from the OCC. To the Knowledge of NPB, there is no fact or circumstance or set of facts or circumstances which would cause NPBank to fail to comply with such provisions in a manner which would have a Material Adverse Effect.
Appears in 1 contract
Samples: Agreement (Peoples First Inc)
CRA Compliance. NPB and NPBank are NP Bank is in compliance in all material compliance respects with the applicable provisions of the CRA, and, as of the date hereof, NPBank NP Bank has received a CRA rating of "satisfactory" or better from the OCC. To the Knowledge of NPB, there is no fact or circumstance or set of facts or circumstances which would cause NPBank NP Bank to fail to comply with such provisions in a manner which would have a Material Adverse Effect.
Appears in 1 contract
Samples: Employment Agreement (National Penn Bancshares Inc)
