Bank Conversion definition

Bank Conversion means the conversion of WFB into a national banking association under the name “Western Financial Bank, National Association” (or other permissible name).
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Bank Conversion means conversion of the Bank to the New Bank.
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Bank Conversion shall refer to the conversion of Brunswick Interim from a state chartered stock savings and loan association organized under the laws of the State of Georgia to a state chartered bank organized under the laws of the State of Georgia as contemplated by Section 2.1(b) of this Agreement and as reflected in the Amended Brunswick Articles.
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Examples of Bank Conversion in a sentence

  • Immediately following the Parent Merger, but prior to the Subsidiary Merger, the Bank Conversion shall become effective.

  • Certain Effects of Bank Conversion Following the Conversion and Reorganization, the Bank will convert to a national bank and will be regulated by the OCC ("New Bank").

  • Failure to pursue or receive regulatory approval for the Bank Conversion shall have no effect on the vote with respect to the Offerings.

  • This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of Delaware, applicable to contracts executed and fully performed within the State of Delaware, without regard to the conflicts of laws provisions thereof, except to the extent that federal law or the law of the State of California may apply to the Parent Merger, the Bank Conversion or the Subsidiary Merger.

  • The Conversion Service is subject to the Bank "Conversion Rate" for the given transaction.

  • The Bank Conversion shall be deemed to occur and shall be effective upon completion of all actions necessary or appropriate under applicable federal statutes and regulations and the policies of the FRB, the OCC and the OTS to complete the conversion of the Bank to a national bank, including the filing of the articles of association of the New Bank with the OCC.

  • The Board of Directors of the Bank, by majority vote, may, at any time, and notwithstanding any language in this Plan of Conversion to the contrary elect not to proceed with the Bank Conversion, in which event the FRB holding company application, the OCC conversion application may be withdrawn or abandoned.

  • At the time of the approval of the Bank Conversion Application (including any amendment or supplement thereto) by the OCC and at all times subsequent thereto until the Closing Date, the Bank Conversion Application (including any amendment or supplement thereto) will comply in all material respects with applicable OCC regulations except to the extent waived by the OCC.

  • The Bank will not, at any time after the Bank Conversion Application is approved by the OCC, file any amendment or supplement to such Bank Conversion Application without providing the Agent and its counsel an opportunity to review such amendment or supplement or file any amendment or supplement to which amendment or supplement the Agent or its counsel shall reasonably object.

  • The Bank Conversion shall be consummated as soon as reasonably practicable following the effective date of the Conversion and Reorganization, as set forth in Section 23, hereof.