Effect of Merger; Surviving Corporation. At the Effective Time, and by reason of the Merger, the separate corporate existences of SFC and SNB shall cease while the corporate existence of FCB as the surviving corporation in the Merger shall continue with all of its purposes, objects, rights, privileges, powers and franchises, all of which shall be unaffected and unimpaired by the Merger. Following the Merger, FCB shall continue to operate as a South Carolina bank and will conduct its business at the then legally established branch and main offices of FCB and SNB. The duration of the corporate existence of FCB, as the surviving corporation, shall be perpetual and unlimited. 4.
Effect of Merger; Surviving Corporation. At the Effective Time, and by reason of the Merger, (i) the separate corporate existence of CNB shall cease while the corporate existence of MFC as the surviving corporation in the Merger shall continue with all of its purposes, objects, rights, privileges, powers and franchises, all of which shall be unaffected and unimpaired by the Merger, and (ii) CNB's wholly-owned subsidiary, Community National Bank, will become a wholly-owned banking subsidiary of MFC. The duration of the corporate existence of MFC, as the surviving corporation, shall be perpetual and unlimited.
Effect of Merger; Surviving Corporation. At the Effective Time, and by reason of the Merger, the separate corporate existences of 1st Financial and Mountain 1st shall cease, while FCB, as the surviving entity in the Merger, shall continue to exist as a North Carolina-chartered bank, with all of its purposes, objects, rights, privileges, powers and franchises which shall be unaffected and unimpaired by the Merger. Following the Merger, FCB shall continue to conduct its business at its then legally established branch and main offices and those branch offices of Mountain 1st that FCB chooses to continue to operate. The duration of the corporate existence of FCB, as the surviving entity, shall be perpetual and unlimited.
Effect of Merger; Surviving Corporation. At the Effective Time, and by reason of the Merger, the separate corporate existence of Mutual shall cease while the corporate existence of M&F Bank as the surviving corporation in the Merger shall continue with all of its purposes, objects, rights, privileges, powers and franchises, all of which shall be unaffected and unimpaired by the Merger. Following the Merger, M&F Bank shall continue to operate as a North Carolina banking corporation and will conduct its business at its then legally established branches and main office. The duration of the corporate existence of M&F Bank, as the surviving corporation, shall be perpetual and unlimited.
Effect of Merger; Surviving Corporation. Subject to the terms and conditions of this Agreement and pursuant to the applicable provisions of North Carolina Law (a) at the Anson Heritage Merger Effective Time and as provided in the Plan of Anson Heritage Merger and N.C. GEN. STAT. SS. 55-11-06, the separate corporate existence of Anson shall cease and Anson Heritage shall continue as the surviving corporation with all of its purposes, objects, rights, privileges, power and franchises. At the Uwharrie Merger Effective Time and as provided in N.C. GEN. STAT. SS. 55-11-06, by reason of the Uwharrie Merger the separate corporate existence of Anson Heritage shall cease while the corporate existence of Uwharrie as the surviving corporation in the Uwharrie Merger shall continue with all of its purposes, objects, rights, privileges, powers and franchises, all of which shall be unaffected and unimpaired by the Uwharrie Merger. Following the Uwharrie Merger, the Bank shall continue to operate as the wholly-owned savings bank subsidiary of Uwharrie and, as a North Carolina savings bank, will continue to conduct its business and the business of the Bank at the then legally established office of the Bank. The duration of the corporate existence of Uwharrie, as the surviving corporation, shall be perpetual and unlimited. 1.04.
Effect of Merger; Surviving Corporation. At the Effective Time, and by --------------------------------------- reason of the Merger, the separate corporate existence of HC Financial shall cease while the corporate existence of Yadkin, as the surviving corporation in the Merger, shall continue with all of its purposes, objects, rights, privileges, powers and franchises, all of which shall be unaffected and unimpaired by the Merger. Following the Merger, Yadkin shall continue to operate as a North Carolina banking corporation and will conduct its business at its then legally established branch and main offices. The duration of the corporate existence of Yadkin, as the surviving corporation in the Merger, shall be perpetual and unlimited.
Effect of Merger; Surviving Corporation. By reason of the Merger, at --------------------------------------- the Effective Time and as provided in N.C.Gen. Stat. (S) 55-11-06, the separate corporate existence of Scotland shall cease and all of its outstanding shares shall be canceled, while the corporate existence of Centura as the surviving corporation in the Merger shall continue with all of its purposes, objects, rights, privileges, powers and franchises, all of which shall be unaffected and unimpaired by the Merger. The duration of the corporate existence of Centura as the surviving corporation shall be perpetual and unlimited.
Effect of Merger; Surviving Corporation. At the Effective Time, and by reason of the Merger, and subject to the provisions of Paragraph 2.08 below, the separate corporate existence of Merger Sub shall cease, while Cordia, as the surviving entity in the Merger, will become the wholly-owned subsidiary of FCB and shall continue to exist as a Virginia corporation and as the parent holding company of BOV. The duration of the corporate existence of Cordia, as the surviving entity, shall be perpetual and unlimited.
Effect of Merger; Surviving Corporation. At the Effective Time, and by reason of the Merger, the separate corporate existence of the Bank of Richmond shall cease while the corporate existence of Gateway Bank as the surviving corporation in the Merger shall continue with all of its purposes, objects, rights, privileges, powers and franchises, all of which shall be unaffected and unimpaired by the Merger. Following the Merger, Gateway Bank shall continue to operate as a North Carolina banking corporation and will conduct its business at its then legally established branches and main office. The duration of the corporate existence of Gateway Bank, as the surviving corporation, shall be perpetual and unlimited.
Effect of Merger; Surviving Corporation. At the Effective Time, by reason of the Merger the separate corporate existence of United Federal shall cease while the corporate existence of Triangle as the surviving corporation in the Merger shall continue with all of its purposes, objects, rights, privileges, powers and franchises, all of which shall be unaffected and unimpaired by the Merger. Following the Merger, Triangle shall operate as the wholly-owned banking subsidiary of the Holding Company and, as a North Carolina banking corporation, will continue to conduct its business at the then legally established branches and main offices of Triangle and United Federal. The duration of the corporate existence of Triangle, as the surviving corporation, shall be perpetual and unlimited.
