Common use of FDIC Clause in Contracts

FDIC. The deposit accounts of the Principal Banking Subsidiary are insured by the FDIC up to the legal maximum, the Principal Banking Subsidiary has paid all premiums and assessments required by the FDIC and the regulations thereunder, and no proceeding for the termination or revocation of such insurance is pending or, to the knowledge of the Company, threatened.

Appears in 15 contracts

Sources: Underwriting Agreement (Bancorp, Inc.), Underwriting Agreement (Bancorp, Inc.), Underwriting Agreement (Bridgewater Bancshares Inc)

FDIC. The deposit accounts of the Principal Banking Subsidiary are insured by the FDIC up to the legal maximum, the Principal Banking Subsidiary has paid all premiums and assessments required by the FDIC and the regulations thereunder, and no proceeding for the termination or revocation of such insurance is pending or, to the knowledge of the CompanyPrincipal Banking Subsidiary, threatened.

Appears in 10 contracts

Sources: Underwriting Agreement (Bancorp, Inc.), Underwriting Agreement (Bancorp, Inc.), Underwriting Agreement (First Mid Bancshares, Inc.)

FDIC. The deposit accounts of the Principal Banking Subsidiary are insured by the FDIC up to the legal maximum, the Principal Banking Subsidiary has paid all premiums and assessments required by the FDIC and the regulations thereunder, and no proceeding for the termination or revocation of such insurance is pending or, to the knowledge of the CompanyCompany or the Principal Banking Subsidiary, threatened.

Appears in 3 contracts

Sources: Underwriting Agreement (Western Alliance Bancorporation), Underwriting Agreement (Sterling Bancorp), Underwriting Agreement (Sterling Bancorp)