Regulatory Capital Levels. At the Closing Date, taking into account the proceeds of the capital raise contemplated as part of this Transaction and assuming the net proceeds of this capital raise are contributed by Company to the Bank in accordance with Section 4.10 hereof, the Company and the Bank will each have a leverage ratio of not less than 11.0% and a total risk-based capital ratio of not less than 13.0%.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Heritage Commerce Corp), Securities Purchase Agreement (Heritage Commerce Corp)
Regulatory Capital Levels. At the Closing Date, taking into account the proceeds of the capital raise contemplated as part of by this Transaction and assuming the net proceeds of this capital raise are contributed by Company to the Bank in accordance with Section 4.10 hereofAgreement, the Company and the Bank will each have a leverage ratio of not less than 11.010.0% and a total risk-based capital ratio of not less than 13.012.0%.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Intermountain Community Bancorp), Securities Purchase Agreement (Intermountain Community Bancorp)
Regulatory Capital Levels. At the Closing Date, taking into account the proceeds of the capital raise contemplated as part of by this Transaction Agreement and assuming that the net proceeds of this capital raise are contributed by Company to the Bank in accordance with Section 4.10 hereof4.10, the Company and the Bank will each have a leverage ratio of not less than 11.09.5% and a total risk-based capital ratio of not less than 13.013.5%.
Appears in 1 contract
Samples: Securities Purchase Agreement (Fidelity Southern Corp)
