FENB Board definition
Examples of FENB Board in a sentence
The FENB Board has adopted and FENB has implemented a current anti-money laundering program that contains adequate and appropriate customer identification verification procedures that has not been deemed ineffective by any Governmental Entity and that meets the requirements of Sections 352 and 326 of the USA Patriot Act and the regulations thereunder.
Unless the FENB Board submits this Agreement to its shareholders without recommendation pursuant to Section 6.10.2, FENB, through the FENB Board, FENB shall (i) recommend to the FENB shareholders that they adopt this Agreement and the transactions contemplated hereby, (ii) include such recommendation in the Proxy Statement-Prospectus and (iii) publicly reaffirm such recommendation within 24 hours after a request to do so by CUNB or CUB.
The execution and delivery of this Agreement by FENB and the completion of the transactions contemplated hereby, including the Merger, have been duly, validly, and unanimously approved by the FENB Board and no other corporate proceedings on the part of FENB, except for Shareholder Approvals and other actions contemplated by this Agreement such as the termination of certain FENB Compensation and Benefit Plans, is necessary to complete the transactions contemplated hereby, including the Merger.
The resolutions of the FENB Board recommending that shareholders of FENB approve and ratify this Agreement has not been rescinded, modified or revoked and are, as of the Agreement Date and shall be at the Effective Time, in full force and effect, unless modified or withdrawn as provided in Section 6.10.2.
Neither FENB, the FENB Board nor FENB’s outside auditors have identified any significant deficiencies or material weaknesses in the design or operation of FENB’s internal control over financial reporting or any fraud, whether or not material, that involves management or other employees who have a significant role in FENB’s internal control over financial reporting.