CresCom Bank definition
Examples of CresCom Bank in a sentence
CresCom Bank is an “insured institution” as defined in the Federal Deposit Insurance Act and applicable regulations thereunder, and the deposits held by CresCom Bank are insured up to applicable limits by the FDIC’s Deposit Insurance Fund.
CresCom Bank is a state chartered bank in good standing with the South Carolina Board of Financial Institutions.
CresCom Bank is a South Carolina state bank, duly organized, validly existing and in good standing under the laws of the State of South Carolina.
Each of Carolina Financial and CresCom Bank has the corporate power and authority to carry on its business as now conducted and to own, lease, and operate its Assets.
Following the Bank Merger, the separate corporate existence of CresCom Bank shall cease.
The minute book and other organizational documents for each of Carolina Financial and CresCom Bank (including any and all amendments thereto) have been made available to First South for its review and are complete and accurate as in effect as of the date of this Agreement and accurately reflect in all material respects all amendments thereto and all proceedings of the respective Board of Directors (including any committees of the Board of Directors) and stockholders thereof.
Immediately following the Effective Time, CresCom Bank shall merge with and into Buyer Bank (the “Bank Merger”).
Prior to the effective time of the Bank Merger, CresCom Bank shall take all action necessary to appoint ▇▇▇▇▇ ▇.
Any outstanding options or other rights to acquire shares of capital stock of CresCom Bank outstanding as of the Effective time shall be canceled at the Effective Time.
CresCom Bank and United Bank have each caused this Agreement and Plan of Merger to be executed as of the date first above written.