GBSB definition

GBSB means Greater Buffalo Savings Bank, a New York chartered stock savings bank, with its principal offices located at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, which is a wholly owned subsidiary of GLB.
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Examples of GBSB in a sentence

  • The Employers shall be jointly and severally liable to the Executive with respect to (i) all liabilities of GBSB to the Executive hereunder and (ii) all liabilities of GLB to the Executive hereunder; provided, however, that GLB shall not be responsible for any liability of GBSB to the Executive to the extent that such liability has been discharged by GBSB, and GBSB shall not be responsible for any liability of GLB to the Executive to the extent that such liability has been discharged by GLB.

  • The most recent regulatory rating given to GBSB as to compliance with the Community Reinvestment Act (“CRA”) is satisfactory or better.

  • GLB DISCLOSURE SCHEDULE 4.12.4 sets forth, as of July 31, 2007, a schedule of all executive officers and directors of GLB who have outstanding loans from GLB or GBSB, and there has been no default on, or forgiveness or waiver of, in whole or in part, any such loan during the two years immediately preceding the date hereof.

  • Protection Plan benefits are provided on a claims-made and reported basis.

  • In the event that GBSB takes, at the request of First Niagara Bank, any action relative to third parties to facilitate the conversion that results in the imposition of any termination fees or charges, First Niagara Bank shall indemnify GBSB for any such fees and charges, and the costs of reversing the conversion process, if for any reason the Merger is not consummated for any reason other than a breach of this Agreement by GLB, or a termination of this Agreement under Section 11.1.8 or 11.1.9.

  • Neither GLB nor any GLB Subsidiary (other than GBSB) has consented to or entered into any GLB Regulatory Agreement that is currently in effect or that was in effect since June 30, 2006, and GBSB has not consented to or entered into any GLB Regulatory Agreement that is currently in effect or that was in effect since June 30, 2003.

  • GLB DISCLOSURE SCHEDULE 4.13.12(a) sets forth, as of the payroll date immediately preceding the date of this Agreement, a list of the full names of all officers, and employees whose annual rate of salary is $50,000 or greater, of GBSB or GLB, their title and rate of salary, and their date of hire.

  • GBSB and each of its subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable laws and regulations.

  • FNFG and GLB shall use their reasonable best efforts to cause the merger of GBSB with and into First Niagara Bank, with First Niagara Bank as the surviving institution, to occur as soon as practicable after the Effective Time.

  • GBSB is a member in good standing of the FHLB and owns the requisite amount of stock therein.