Examples of Bancorp Common Stock in a sentence
The Agreement provides for the merger of the Company with and into Val Cor Bancorporation, Inc., a wholly-owned subsidiary of Zions Bancorp (the "Merger") and the conversion of outstanding shares of Company Stock into Zions Bancorp Common Stock and cash in lieu of fractional shares in accordance with the formula therein set forth.
At the time the Merger becomes effective (the "Effective Time"), each share of common stock, $0.01 par value per share, of Suburban Bancorp (the "Suburban Bancorp Common Stock") will be converted by virtue of the Merger into .24357 (the "Exchange Ratio") of a share of common stock, without par value, of Fifth Third ("Fifth Third Common Stock").
As part of the Merger, each share of Regal Bancorp Common Stock will be converted into the right to receive the Merger Consideration pursuant to the terms of Article III.
The Plan Administrator shall credit such dividends to the accounts of the respective participants (on the basis of such participating shares owned by each participant on the most recent dividend record date) and shall on each dividend payment date reinvest such dividends by purchasing Bancorp Common Stock in accordance with Section 6 hereof.
Subject to the effect, if any, of applicable law, after the subsequent surrender and exchange of a Certificate the holder thereof shall be entitled to receive any such dividends or distributions, without interest thereon, which theretofore became payable with respect to the Bancorp Common Stock represented by such Certificate.
If such an election were made, Fifth Third would have the option to either (a) increase the Exchange Ratio or, (b) in lieu of adjusting the Exchange Ratio, pay cash for each outstanding share of Suburban Bancorp Common Stock (in addition to .24357 shares of Fifth Third Common Stock).
The shares of Northfield Bancorp Common Stock to be issued pursuant to this Agreement, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and non-assessable and subject to no preemptive rights.
Notwithstanding anything to the contrary contained herein, no certificates or scrip representing fractional shares of Cape Bancorp Common Stock shall be issued upon the surrender for exchange of Certificates, no dividend or distribution with respect to Cape Bancorp Common Stock shall be payable on or with respect to any fractional share interest, and such fractional share interests shall not entitle the owner thereof to vote or to any other rights of a stockholder of Cape Bancorp.
The shares of Northfield Bancorp Common Stock to be issued in the Merger shall have been authorized for listing on the Nasdaq, subject to official notice of issuance.
All of the issued and outstanding shares of Bancorp Common Stock will be entitled to vote to approve the Agreement.