Georgia Bank definition
Examples of Georgia Bank in a sentence
Executive: Georgia Bank & Trust Company of Augusta /s/ ▇▇▇▇▇▇▇ ▇.
Concurrently with the execution and delivery of this Agreement and effective u▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇ has caused each non-employee director of SWGB and Southwest Georgia Bank to execute and deliver the Non-Competition and Non-Disclosure Agreement in the form attached hereto as Exhibit C (collectively, the “Director Restrictive Covenant Agreements”).
The accounts of all participants and beneficiaries in the Southwest Georgia Bank 401(k) Plan shall become fully vested upon termination of participation in such plan.
The deposits of Southwest Georgia Bank are insured by the FDIC in accordance with the Federal Deposit Insurance Act (“FDIA”) to the fullest extent permitted by Law, and Southwest Georgia Bank has paid all premiums and assessments and filed all reports required by the FDIA.
SWGB and Southwest Georgia Bank are “well-capitalized,” as such term is defined in the applicable state and federal banking rules and regulations.
All agreements between Southwest Georgia Bank and any of its Affiliates (or any company treated as an affiliate for purposes of such Law) comply, to the extent applicable, with Sections 23A and 23B of the Federal Reserve Act and Regulation W of the FRB.
The ---------------------------------------------------- Executive shall be eligible to participate in the Executive Long-Term Incentive Plan adopted by Georgia Bank Financial Corporation.
Additionally, SWGB and Southwest Georgia Bank will take any and all actions reasonably requested by FBMS related to ensuring the compliance of all SWGB Benefit Plans with applicable law, including filing any necessary “top hat” filings or corrections.
Concurrently with the execution and delivery of this Agreement and effective upon the Closing, SWGB has caused each director of SWGB and Southwest Georgia Bank to execute and deliver the Claims Letter in the form attached hereto as Exhibit D.
The Bank Merger shall have the effects as set forth under applicable federal and state banking laws and regulations, and FBMS and SWGB, as the sole shareholders of The First and Southwest Georgia Bank, respectively, have approved a separate merger agreement (the “Bank Plan of Merger”) in the form attached hereto as Exhibit B, and have caused the Bank Plan of Merger to be executed and delivered by The First and Southwest Georgia Bank simultaneously with the execution and delivery of this Agreement.