NJDBI definition
Examples of NJDBI in a sentence
The consummation of the Merger contemplated by this Agreement is specifically conditioned upon receipt of all necessary regulatory approvals, including, but not limited to, the approvals of the NJDBI and the FDIC, as may be required, and the expiration of all applicable waiting periods with respect to the Merger.
SBBX Disclosure Schedule 4.6.1 lists all examinations of SB One Bank conducted by the NJDBI and the FDIC, and all examinations of SBBX conducted by the FRB, since January 1, 2017 and the dates of any responses thereto submitted by SB One Bank and SBBX, respectively.
No amendment, assignment, modification or termination of this Agreement shall be effective unless such amendment, assignment, modification or termination is (i) filed with the New Jersey Department of Banking and Insurance ("NJDBI") at least 30 days prior to the proposed effective date, (ii) not disapproved by the NJDBI, (iii) made in writing, and (iv) signed by the parties hereto.
In addition to the NJDBI, Pamrapo Bank is regulated by the Office of Thrift Supervision (“OTS”).
The date of such filings is herein called the “Effective Date.” The “Effective Time” of the Merger shall be as specified by the NJDBI on the certificate accompanying this Agreement.
The Merger provided for herein shall become effective upon the filing of a certified copy of this Agreement with the NJDBI, provided, however, that such filing shall not occur until all of the events set forth in Section 4 have taken place.
The date of such filings is herein called the “Effective Date.” The “Effective Time” of the Merger shall be as specified by the NJDBI on the articles of combination.
No such equity investment identified in SBBX Disclosure Schedule 4.05 is prohibited by the State of New Jersey, the NJDBI or the FDIC.
At and after the Effective Time, the Merger shall have the effects provided herein and set forth in the applicable provisions of the regulations of the NJDBI.
Neither SBBX nor any SBBX Subsidiary exercises trusts powers or acts as a fiduciary in any manner requiring NJDBI or FDIC approval.