Surviving Bank. Upon the consummation of the Bank Merger, the separate corporate existence of SL Bank shall cease and MC Bank shall continue as the surviving entity. The name of MC Bank as the surviving entity of the Bank Merger shall be “Mission Community Bank”. From and after the Bank Merger Effective Time, MC Bank, as the surviving entity of the Bank Merger, shall possess all of the properties and rights and be subject to all of the liabilities and obligations of SL Bank and MC Bank.
Appears in 2 contracts
Sources: Merger Agreement (Mission Community Bancorp), Merger Agreement (Santa Lucia Bancorp)