Examples of Board of bank incorporation in a sentence
Subject to the terms and conditions of this Agreement, at the Effective Time, Company shall merge with and into Buyer in accordance with the Massachusetts Business Corporation Act and the requirements of the Massachusetts Board of Bank Incorporation.
Each consent, approval or waiver by the FRB, the FDIC, the Massachusetts Commissioner of Banks, the Massachusetts Board of Bank Incorporation and the Share Insurance Fund of the Co-operative Central Bank of Massachusetts as referred to in clause (i) hereof is a “Regulatory Approval”.
The Company is supervised by the Board of Governors of the Federal Reserve System ("FRB") and it is also subject to the jurisdiction of the Massachusetts Board of Bank Incorporation, while the Bank is subject to regulation and supervision by the Federal Deposit Insurance Corporation ("FDIC") and the Massachusetts Commissioner of Banks (the "Commissioner").
Subject to the terms and conditions of this Agreement, at the Effective Time, Company shall merge with and into Buyer in accordance with the Massachusetts Business Corporation Act and the requirements of the Massachusetts Board of Bank Incorporation and the MGCL.
Provided the Company has cooperated as required above, Buyer agrees to file the requisite applications (or requests for waivers thereof) to be filed by them with the FRB, FDIC, the OCC (if applicable), the Massachusetts Division of Banks, the Massachusetts Board of Bank Incorporation and the Governmental Authorities of the other states in which Buyer, the Company and their respective Subsidiaries operate.
The Purchaser and the Company shall cooperate in the preparation and submission of applications to the appropriate authorities for approval of the Merger, including but not limited to the Securities and Exchange Commission, Federal Reserve Board, Federal Deposit Insurance Corporation, Banking Commissioner of the Commonwealth of Massachusetts and the Board of Bank Incorporation of the Commonwealth of Massachusetts.
Each consent, approval, receipt or waiver by the FRB, the FDIC, the Comptroller, The Massachusetts Commissioner of Banks and the Massachusetts Board of Bank Incorporation as referred to in clause (i) hereof is a “Regulatory Approval”.
December __, 2008 Page 2 For the reasons set forth in the Registration Statement, it is proposed that pursuant to the Agreement and the Massachusetts Business Corporation Act and the requirements of the Massachusetts Board of Bank Incorporation, Merger Sub merge with and into Company.
Each Massachusetts bank holding company: (i) must obtain the approval of the Massachusetts Board of Bank Incorporation before engaging in certain transactions, such as the acquisition of more than 5% of the voting stock of another banking institution; (ii) must register, and file reports, with the Division of Banks; and (iii) is subject to examination by the Division of Banks.
Massachusetts Commissioner of Banks and Board of Bank Incorporation.