GC Bank definition

GC Bank means Greater Community Bank, a New Jersey chartered commercial bank, with its principal offices located at 55 Union Boulevard, Totowx, Xxx Xxxxxx, 00000, xxxxx xx x xxxxxx xxxxx subsidiary of GCB.

Examples of GC Bank in a sentence

• GC Bank and each of its subsidiaries has properly administered, in all material respects, 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.

• OFC and GCB shall use their reasonable best efforts to cause the merger of GC Bank with and into Oritani Savings Bank, with Oritani Savings Bank as the surviving institution, to occur as soon as practicable after the Effective Time.

• In addition, following the execution and delivery of this Agreement, OFC will cause Oritani Savings Bank, and GCB will cause GC Bank, to execute and deliver the Plan of Bank Merger substantially in the form attached to this Agreement as Exhibit C.

• Neither GC Bank nor any other GCB Subsidiary has, and to the Knowledge of GCB, nor has any of their respective directors, officers or employees, committed any breach of trust with respect to any such fiduciary account and the records for each such fiduciary account.

• Immediately after the Merger, GC Bank shall merge with and into Oritani Savings Bank, with Oritani Savings Bank as the resulting institution.

• References to the Knowledge of GCB shall include the Knowledge of GC Bank.

• The Board of Directors of GC Bank has adopted and GC Bank has implemented an anti-money laundering program that contains adequate and appropriate customer identification verification procedures that has not been deemed ineffective by any Governmental Authority and that meets the requirements of Sections 352 and 326 of the USA Patriot Act and the regulations thereunder.

• OFC has requested, as a condition to its execution and delivery to GCB of the Merger Agreement, that the undersigned, being a director of GCB and GC Bank, execute and deliver to OFC this Voting Agreement.

• The main delay is getting the asset statements from Australian Unity (unit trusts) , Cromwell (unit trusts) and G&C Bank (term deposits).

• GCB has entered into an Agreement and Plan of Merger by and between the Company and GCB, dated November 13, 2007 (the “Merger Agreement”), pursuant to which GCB will merge with and into the Company and GC Bank will merge with and into the Bank (collectively, the “Merger”).