WDFI definition

WDFI means the Washington State Department of Financial Institutions.

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WDFI means the Wisconsin Department of Financial Institutions.

WDFI has the meaning set forth in Section 2.03.

Examples of WDFI in a sentence

• All such reports and statements filed with any such regulatory body or authority are collectively referred to herein as the “Company Reports.” As of their respective dates, the Company Reports complied as to form in all material respects with all the rules and regulations promulgated by the Federal Reserve, the WDFI and any other applicable federal or state banking authorities, as the case may be.

• No fact or condition exists with respect to the business, operations or assets of Parent or its subsidiaries which Parent has reason to believe may cause the Federal Reserve Application, the WDFI Application or any of the other regulatory approvals referenced in Section 6.4 or Section 7.4 to be denied or unduly delayed.

• The execution, delivery and performance by Parent and Merger Sub of this Agreement and the consummation of the Transactions have been duly and validly authorized by the Parent Board of Directors and the sole member of Merger Sub and (except for (i) receipt of the Parent Shareholder Required Approvals and (ii) the filing of the Articles of Merger with the WDFI) no other corporate proceedings on the part of Parent or any Parent Subsidiary are necessary to authorize the consummation of the Transactions.

• The OTS and the WDFI shall be promptly notified of the actions of the Members.

• As soon as practicable, but in no event later than ten (10) business days from the date of this Agreement, the Buyer shall file an application for combination with the Office of the Comptroller of the Currency (the “OCC”), the WDFI, and such other applications and notices required by other state and federal regulatory agencies, of its intention to consummate the Merger (the “Applications”).

• The Merger shall become effective on the date and time (referred to as the “Effective Time”) at which the Articles of Merger are filed with the WDFI, or at such other date and time as is agreed among the Parties and specified in the Articles of Merger.

• On the Closing Date, the Parties shall cause articles of merger with respect to the Merger (the “Articles of Merger”) to be duly executed and delivered to the WDFI for filing as provided under the WBCL and the WLLCL and make any other filings, recordings or publications required to be made by the Company or Merger Sub under the WBCL or the WLLCL in connection with the Merger.

• The parties shall cause Articles of Merger to be filed with the WDFI and the Washington Secretary of State pursuant to the Washington Savings Bank Act immediately following the completion of the Company Merger.

• The Company Shareholder Approval shall have been obtained, and the proper officers of Parent shall have executed and delivered to the Company the Articles of Merger, in form suitable for filing with the WDFI, and shall have executed and delivered all such other certificates, statements or instruments as may be necessary or appropriate to effect such a filing.

• No fact or condition exists with respect to the business, operations or assets of the Company or the Company Subsidiaries which the Company has reason to believe may cause the Federal Reserve Application, the WDFI Application or any of the other regulatory approvals referenced in Section 6.4 or Section 7.4 to be denied or unduly delayed.

More Definitions of WDFI

WDFI means the Wisconsin Department of Financial Institutions, Division of Savings Institutions or any successor thereto. ARTICLE II BUSINESS PURPOSES FOR THE RESTRUCTURING Mutual has several business purposes for undertaking the Restructuring. (a) The Restructuring will structure Mutual in the stock form, which is used by commercial banks, most major commercial enterprises and many savings banks and savings associations. Formation of the SHC as a subsidiary of the MHC will permit the SHC to issue Capital Stock, which is a source of capital not available to mutual savings banks. This new capital will support Mutual's future growth and expanded operations as business needs dictate. The ability to attract new capital will enhance Mutual's ability to effect future acquisitions and investments, as well as increase the capabilities of Mutual to address the needs of the communities it serves. (b) Mutual's mutual form of ownership will be preserved in the MHC structure. As a mutual organization, the MHC will at all times indirectly control at least a majority of the Common Stock of the Stock Bank so long as the MHC remains in existence. The Restructuring will enable Mutual to achieve the benefits of a stock company without a loss of control that often follows standard conversions from mutual to stock form. (c) Mutual is committed to being a community-oriented institution, and the Board of Directors believes that the MHC structure is best suited for this purpose. The Restructuring will not foreclose the opportunity of the MHC to convert from the mutual-to-stock form of organization in the future. (d) Formation of a mutual holding company also is expected to facilitate diversification of Mutual's activities. The opportunities presented to Mutual by the possibility of the First Northern Merger led the Directors to a determination that the restructuring would be appropriate at this time, so as to facilitate the First Northern Merger. Mutual would not be effecting the mutual holding company formation part of the Restructuring at this time if the First Northern Merger were not approved and effected as part of the Restructuring. (e) Contemporaneously with or immediately following the Restructuring, the SHC expects to issue up to 49.9 percent of its Common Stock in connection with the First Northern Merger and in the Stock Offering at an aggregate price determined by an independent appraisal. The sale of Common Stock will provide the SHC with new equity capital, which will fa...

WDFI shall have the meaning set forth in Section 1.02(b).

WDFI means the State of Washington Department of Financial Institutions. AGREEMENT AND PLAN OF MERGER BETWEEN HOMESTREET, INC. AND SIMPLICITY BANCORP, INC. EXECUTION VERSION

WDFI means the Wisconsin Department of Financial Institutions. “Withholding Obligations” has the meaning set forth in Section 11.03.