Effect on Shares of Stock. (a) Each share of FNB Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding. (b) At the Effective Time, each share of ANNB Bank capital stock issued and outstanding prior to the Bank Merger shall, by virtue of the Bank Merger and without any action on the part of the holder thereof, be canceled. Any shares of ANNB Bank capital stock held in the treasury of ANNB Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 2 contracts
Sources: Merger Agreement (FNB Corp/Fl/), Merger Agreement (Annapolis Bancorp Inc)
Effect on Shares of Stock. (a) Each share of FNB Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of ANNB BCSB Bank capital stock issued and outstanding prior to the Bank Merger shall, by virtue of the Bank Merger and without any action on the part of the holder thereof, be canceled. Any shares of ANNB BCSB Bank capital stock held in the treasury of ANNB BCSB Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 2 contracts
Sources: Merger Agreement (BCSB Bancorp Inc.), Merger Agreement (FNB Corp/Fl/)
Effect on Shares of Stock. (a) Each share of FNB Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of ANNB PVFC Bank capital stock issued and outstanding prior to the Bank Merger shall, by virtue of the Bank Merger and without any action on the part of the holder thereof, be canceled. Any shares of ANNB PVFC Bank capital stock held in the treasury of ANNB PVFC Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 2 contracts
Sources: Merger Agreement (PVF Capital Corp), Merger Agreement (FNB Corp/Fl/)
Effect on Shares of Stock. (a) Each share of FNB Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of ANNB CBI Bank capital stock issued and outstanding prior to the Bank Merger shall, by virtue of the Bank Merger and without any action on the part of the holder thereof, be canceled. Any shares of ANNB CBI Bank capital stock held in the treasury of ANNB CBI Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 1 contract
Sources: Merger Agreement (Comm Bancorp Inc)
Effect on Shares of Stock. (a) Each share of FNB Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of ANNB Union Bank capital stock issued and outstanding prior to the Bank Merger shall, by virtue of the Bank Merger and without any action on the part of the holder thereof, be canceled. Any shares of ANNB Union Bank capital stock held in the treasury of ANNB Union Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 1 contract
Sources: Merger Agreement (FNB Corp/Pa/)
Effect on Shares of Stock. (a) Each share of FNB Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding.
(b) At the Effective Time, each share of ANNB OBA Bank capital stock issued and outstanding prior to the Bank Merger shall, by virtue of the Bank Merger and without any action on the part of the holder thereof, be canceled. Any shares of ANNB OBA Bank capital stock held in the treasury of ANNB OBA Bank immediately prior to the Effective Time shall be retired and canceled.
Appears in 1 contract
Sources: Merger Agreement (FNB Corp/Fl/)