BABANK definition
Examples of BABANK in a sentence
BABANK has received rating of -------------------------- "satisfactory" in its most recent examination or interim review with respect to the Community Reinvestment Act.
Each of BAB and BABANK maintains ------------------ accounting records which fairly and validly reflect, in all material respects, its transactions and accounting controls exist sufficient to provide reasonable assurances that such transactions are, in all material respects, (i) executed in accordance with its management's general or specific authorization, and (ii) recorded as necessary to permit the preparation of financial statements in conformity with generally accepted accounting procedures.
Each of BAB and BABANK has duly recorded or caused to be recorded, in the appropriate county, all recordable interests in the real property described in the BAB Real Property List.
BAB agrees to take all necessary action including, if necessary, increasing or causing BABANK to increase the authorized number of BABANK's directors, to appoint ▇▇▇▇▇ ▇.
BABANK is a California state chartered bank duly organized, validly existing and in good standing under the laws of the State of California and is authorized by the DFI to conduct a general banking business.
Immediately after the Effective Time of the Merger, the executive officers of BABANK shall be comprised of the persons serving as executive officers of BABANK immediately prior to the Effective Time of the Merger.
Neither BAB nor BABANK owes any amount to, or has any contract or lease with or commitment to, any of the present executive officers or directors of BAB or BABANK (other than for compensation for current services not yet due and payable, reimbursement of expenses arising in the ordinary course of business, options or awards available under the BAB Stock Option Plan or BAB SAR Plan or any amounts due pursuant to BAB's Employee Plans).
Any financial statement contained in any of such BAB Filings fairly presented the financial position of BAB on a consolidated basis, BAB alone and BABANK alone, as the case may be, and was prepared in accordance with generally accepted accounting principles or banking regulations consistently applied, except as stated therein, during the periods involved.
The respective properties and operations of BAB and BABANK are and have been maintained and conducted, in all material respects, in compliance with all applicable laws and regulations.
Immediately after the Effective Time of the Merger, the Board of Directors of BABANK shall be comprised of the persons serving as directors of BABANK immediately prior to the Effective Time of the Merger and ▇▇▇▇▇ ▇.