Common use of Financial Institution Clause in Contracts

Financial Institution. The term “Financial Institution” means any federal or state chartered bank, savings bank, savings and loan association or credit union, or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or receiving deposits, other than the Bank.

Appears in 12 contracts

Samples: Employment Agreement (New Century Bancorp Inc), Employment Agreement (AB&T Financial CORP), Employment Agreement (AB&T Financial CORP)

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Financial Institution. The term “Financial Institution” means any federal or state chartered bank, savings bank, savings and loan association or credit union, any subsidiary thereof, or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or receiving deposits, other than the Bank.

Appears in 4 contracts

Samples: Employment Agreement (New Century Bancorp Inc), Employment Agreement (New Century Bancorp Inc), Employment Agreement (New Century Bancorp Inc)

Financial Institution. The term “Financial Institution” means any federal or state chartered bank, savings bank, savings and loan association or credit union, any subsidiary thereof, or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or receiving deposits, other than the BankBank or its affiliates.

Appears in 4 contracts

Samples: Employment Agreement (First South Bancorp Inc /Va/), Employment Agreement (Waccamaw Bankshares Inc), Employment Agreement (New Century Bancorp Inc)

Financial Institution. The term "Financial Institution" means any federal or state chartered bank, savings bank, savings and loan association or credit union, or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or receiving deposits, other than the Bank.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization and Merger (Crescent Financial Corp), Employment Agreement (American Community Bancshares Inc), Employment Agreement (Weststar Financial Services Corp)

Financial Institution. The term “Financial Institution” means any federal or state chartered bank, savings bank, savings and loan association or credit union, union or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or receiving deposits, other than the Bank, includes any incorporated or unincorporated association of persons organized or organizing with the intent of establishing a Financial Institution.

Appears in 3 contracts

Samples: Change in Control Agreement (American Community Bancshares Inc), Change in Control Agreement (American Community Bancshares Inc), Change in Control Agreement (American Community Bancshares Inc)

Financial Institution. The term "Financial Institution" means any federal or state chartered bank, savings bank, savings and loan association or credit union, or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or receiving deposits, other than the BankAnson, Uwharrie or one of their affiliated corporations.

Appears in 2 contracts

Samples: 2 Agreement and Plan (Uwharrie Capital Corp), Agreement and Plan (Anson Bancorp Inc)

Financial Institution. The term "Financial Institution" means any federal or state chartered bank, savings bank, savings and loan association association, credit union or credit unionfinancial services entity, or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or type, receiving deposits, or providing financial or investment advice or services, other than the BankUnited Federal or Triangle.

Appears in 1 contract

Samples: Agreement and Plan (Triangle Bancorp Inc)

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Financial Institution. The term "Financial --------------------- Institution" means any federal or state chartered bank, savings bank, savings and loan association or credit union, any subsidiary thereof, or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or receiving deposits, other than the Bank.

Appears in 1 contract

Samples: Employment Agreement (Carolina Bank Holdings Inc)

Financial Institution. The term “Financial Institution” means any federal or state chartered bankbank or bank in organization, savings bank, savings and loan association or credit union, any subsidiary thereof, or any holding company for or corporation that owns or controls any such entity, or any other Person engaged in the business of making loans of any type or receiving deposits, other than the Bank.

Appears in 1 contract

Samples: Employment Agreement (Carolina Bank Holdings Inc)

Financial Institution. The term “Financial Institution” means means: (A) any federal or state chartered bank, savings bank, savings and loan association or credit union, or any holding company for or corporation that owns or controls any such entity; (B) any subsidiary of any federal or state chartered bank, savings bank, savings and loan association or credit union; and/or (C) any other Person engaged in the business of making loans of any type or receiving deposits, other than the Bank.

Appears in 1 contract

Samples: Employment Agreement (Select Bancorp, Inc.)

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