Subsidiary Bank definition

Subsidiary Bank means any Subsidiary which is a Bank.

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Subsidiary Bank means any Subsidiary that is organized under the laws of the United States, any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands and either (i) accepts deposits that the depositor has a legal right to withdraw on demand and engages in the business of making commercial loans or (ii) is a trust company.

Subsidiary Bank means any commercial bank or trust company organized in the United States under Federal or state law, at least a majority of the shares of the Voting Stock of which shall at the time be owned, directly or indirectly, by the Company or by one or more Subsidiaries or by the Company and one or more Subsidiaries.

Examples of Subsidiary Bank in a sentence

Subsidiary Bank will allow Lender to bid on additional mutually beneficial correspondent services.
Borrower will cause the Subsidiary Bank to comply in all material respects with their respective obligations.
At any such sale or other disposition, Lender may, to the extent permissible under applicable Laws, purchase the whole or any part of the Collateral, free from any right of redemption on the part of Borrower or the Subsidiary Bank, which right is hereby waived and released.
From time to time, Borrower will, or will cause the Subsidiary Bank to, execute and deliver to Lender such additional documents and will provide such additional information as Lender may reasonably require to carry out the terms of this Agreement and be informed of Borrower’s and/or the Subsidiary Bank’s status and affairs.
Notice of any sale or other disposition shall be given to Borrower (and/or to the Subsidiary Bank, if required under applicable Laws) at least five (5) days before the time of any intended public sale or of the time after which any intended private sale or other disposition of the Collateral is to be made, which Borrower hereby agrees shall be reasonable notice of such sale or other disposition.

More Definitions of Subsidiary Bank

Subsidiary Bank means a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959).

Subsidiary Bank means ▇▇▇▇▇▇ Savings and Loan Association, F.A., a federally chartered savings and loan association and the principal subsidiary of the Depositor.

Subsidiary Bank means any Person that is an "insured depository institution" within the meaning of 12 U.S.C.ss.1813(c), as amended, and that is "controlled" by the Borrower within the meaning of 12 U.S.C.ss.1841(a), as amended.

Subsidiary Bank means any Subsidiary that is a “depository institution” as defined in Section 217.2 of the FRB’s Regulation Q, 12 C.F.R. Part 217.

Subsidiary Bank means, collectively, (i) each bank listed on Schedule 5.13(b) (as such Schedule may be updated from time to time as agreed between the Borrower and the Administrative Agent) and (ii) each Subsidiary of the Borrower that is formed after the date hereof as a bank or a banking corporation under applicable Law.

Subsidiary Bank means, collectively, (i) each bank listed on Schedule 5.13(b) and (ii) each Subsidiary of the Borrower that is formed after the date hereof as a bank or a banking corporation under applicable Law.

Subsidiary Bank means each Subsidiary which is a bank or a thrift institution, including, without limitation, DBT, Galena State Bank and Trust Company, First Community Bank, Riverside Community Bank, Wisconsin Community Bank, Arizona Bank & Trust and New Mexico Bank & Trust.