FCB Bank definition
Examples of FCB Bank in a sentence
Except as set forth on Schedule 5.16, there is no Litigation instituted or pending, or, to the Knowledge of FCB or FCB Bank, threatened (or unasserted but considered probable of assertion) against any FCB Company, or against any Asset, interest, or right of any of them, nor are there any Orders of any Regulatory Authorities, other governmental authorities or arbitrators outstanding, pending or, to the Knowledge of FCB or FCB Bank, threatened against any FCB Company.
FCB or FCB Bank owns all of the issued and outstanding shares of capital stock of each FCB Subsidiary.
Each active participant in the OSB ESOP or the FCB ESOP as of the day immediately prior to the Closing Date who is not employed by FCB Bank as of the Closing Date or who is terminated by FCB Bank (other than for cause) within one year after the Closing Date shall be fully vested in their account balance under the OSB ESOP or the FCB ESOP, as the case may be, as of the Closing Date or the date of termination of employment, respectively.
FCB shall have delivered a certificate to ANB that FCB is not aware of any pending, threatened or potential claim against the directors or officers of FCB or FCB Bank or under the directors and officers insurance policy or the fidelity bond coverage of FCB or any FCB Company.
There is no audit examination, deficiency, refund Litigation or matter in controversy pending, or to the Knowledge of FCB or FCB Bank, threatened, with respect to any Taxes that might result in a determination that would have, individually or in the aggregate, a Material Adverse Effect on FCB, except as reserved against in the FCB Financial Statements delivered prior to the date of this Agreement.
The unallocated shares of OSB Common Stock currently held by the OSB ESOP shall be converted into shares of FCB Common Stock in accordance with Section 1.4 hereof, and thereafter shall be held in the Suspense Account under the FCB ESOP and allocated to the participants in the FCB ESOP (including, without limitation, such employees of OSB Bank who become employees of FCB Bank following the Effective Date) according to the terms and provisions of the FCB ESOP.
Except as set forth on Schedule 5.30, none of the deposits of FCB Bank are “brokered” deposits or are subject to any encumbrance, legal restraint or other legal process (other than garnishments, pledges, set off rights, limitations applicable to public deposits, escrow limitations and similar actions taken in the ordinary course of business), and no portion of deposits of FCB Bank represents a deposit of any Affiliate of FCB.
Neither of FCB or FCB Bank is under any obligation, contingent or otherwise, which will survive the Merger to register its securities under the 1933 Act or any state securities laws.
The reserve for possible loan losses shown on the June 30, 1996 call report filed for FCB Bank is adequate in all material respects under the requirements of GAAP to provide for possible losses, net of recoveries relating to loans previously charged off, on loans outstanding (including accrued interest receivable) as of June 30, 1996.
Benefits under the FCB PSP shall thereafter be available to participants in the FCB PSP (including, without limitation, such employees of OSB Bank who become employees of FCB Bank after the Effective Time and are eligible to participate in the FCB PSP) according to the terms and provisions of the FCB PSP.