Common use of Continuation of Banking Business Clause in Contracts

Continuation of Banking Business. For the period commencing the first banking Business Day after Bank Closing and ending no earlier than the first anniversary of Bank Closing, the Assuming Bank (and its successors and assigns) will provide full service banking in the trade area of the Failed Bank. Thereafter, the Assuming Bank (and its successors and assigns) may cease providing such banking services in the trade area of the Failed Bank, provided the Assuming Bank (and its successors and assigns) has received all necessary regulatory approvals. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area. The trade area shall be determined by the Receiver.

Continuation of Banking Business. For the period commencing the first banking Business Day after Bank Closing and ending no earlier than the first anniversary of Bank Closing, the Assuming Bank (and Bank(and its successors and assigns) will provide full service banking in the trade area of the Failed Bank. Thereafter, the Assuming Bank (and its successors and assigns) may cease providing such banking services in the trade area of the Failed Bank, provided the Assuming Bank (and its successors and assigns) has received all necessary regulatory approvals. At the option of the Assuming BankBank (and its successors and assigns), such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area. The trade area shall be determined by the Receiver.

Continuation of Banking Business. For the period commencing the first banking Business Day after Bank Closing and ending no earlier than the first anniversary of Bank Closing, the Assuming Bank (and its successors and assigns) will provide full service banking in the trade area of the Failed Bank. Thereafter, the Assuming Bank (and its successors and assigns) may cease providing such banking services in the trade area of the Failed Bank, provided the Assuming Bank (and its successors and assigns) has received all necessary regulatory approvals. At the option of the Assuming BankBank (and its successors and assigns), such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area. The trade area shall be determined by the Receiver.