H.R. 3615, the Mutual Bank Conversion Act: Field Hearing Before the Subcommittee on Financial Institutions Supervision, Regulation, and Deposit Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Third Congress, Second Session, January 20, 1994, Volume 4 |
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Common terms and phrases
acquiring bank acquiror conversion Albemarle Allred approved assets attorneys BB&T Financial BB&T Financial Common believe benefits Blalock Board of Directors bonus Centura Bank Chairman NEAL Citizens Savings compensation conversion and acquisition conversion merger County customers deal deposit accounts depositors discount employees FDIC Federal Savings Financial Common Stock financial institutions Forest City going Graham Savings Bank hearing holding company Home Savings Bank issue Jacobsen January 20 Kenly Savings merger conversion million mutual institution mutual savings bank mutual savings institution mutual to stock North Carolina Administrator November 22 offered officers and directors OTS regulations owners percent Plan of Conversion proposed prospectus Proxy Solicitation Regulations proxy statement purchase RALEIGH NC receive regulatory restricted stock savings and loan Savings Institutions Division September 21 shares Shelby Savings Bank Stanly County statute stock conversion stock form Subcommittee Thank transaction vote WATT WORTH
Popular passages
Page 106 - solicitation of proxies by means of any "communication, written or oral, containing any statement which, at the time and in the light of the circumstances under which it is made, is false or misleading with respect to any
Page 179 - (10%) or more of any class of equity securities, (ii) any trust or other estate in which the person has a substantial beneficial interest or as to which the person serves as trustee or in a similar fiduciary capacity,
Page 278 - to the level of an expectancy. It stretches the imagination very far to attribute any real value to such a remote contingency, and when coupled with the fact that it represents nothing which the depositor can readily transfer, any theoretical value reduces almost to the vanishing point. Society for
Page 180 - has a fundamental duty to avoid placing himself in a position which creates, or which leads to or could lead to a conflict of interest or appearance of a conflict of interest having adverse
Page 46 - has a fundamental duty to avoid placing himself in a position which creates, or which leads to, or could lead to a conflict of interest, or appearance of a conflict of interest having adverse
Page 106 - time and in the light of the circumstances under which it is made, is false or misleading with respect to any
Page 180 - days nor more than 50 days before the date of the meeting, either personally or by mail to each stockholder of
Page 179 - (i) any corporation or organization, other than the applicant or a majority-owned subsidiary of the applicant, of which the person is an officer or partner or is, directly or indirectly, the beneficial owner
Page 278 - If a depositor withdraws from the bank, he receives only his deposits and interest. If he continues, his only chance of getting anything more would be in the unlikely event of a solvent liquidation, a possibility that hardly
Page 103 - members under circumstances reasonably calculated to result in the procurement, withholding, or revocation of a proxy.